United States
SBA’s Awarding of Small Business Lending Company Licenses
The Office of Inspector General (OIG) is issuing this Evaluation report to assess the Small Business Administration’s process for awarding Small Business Lending Company (SBLC) licenses and its compliance with licensing procedures. An SBLC is a non-depository lending institution that is licensed and...
SBA’s Use of Hold Codes for Potentially Fraudulent PPP Loans Referred by Lenders
The Office of Inspector General (OIG) is issuing this management advisory to bring attention to concerns regarding SBA’s use of hold codes for potentially fraudulent Paycheck Protection Program (PPP) loans referred by lenders. Opportunities exist for SBA to enhance its handling of lender-referred...
COVID-19: Data Sharing Project Finds Billions Paid to Same Likely Fraudsters Under Both the Unemployment Insurance and Economic Injury Disaster Loan Programs
The Office of Inspector General (OIG) is issuing this inspection report to determine whether data sharing between the Employment and Training Administration and the U.S. Small Business Administration (SBA) could mitigate the risk of fraudulent unemployment insurance benefit payments and SBA disaster...
SBA OIG Fall 2024 Semiannual Report to Congress
This report details the Office of Inspector General's Semiannual Report to Congress. The following topics are included: Overview of the SBA and the OIG Pandemic Response Oversight Small Business Access to Capital Disaster Assistance Program Contracting and Counseling Programs Agency Management Other...
Independent Auditors’ Report on SBA’s Fiscal Year 2024 Financial Statements
The U.S. Small Business Administration (SBA) Office of Inspector General (OIG) contracted with the independent certified public accounting firm KPMG LLP to conduct an audit of SBA’s consolidated balance sheets as of September 30, 2024 and 2023 and the related notes to these statements. Our contract...