
United States
Arkansas Business Owner Pleads Guilty to Fraudulently Obtaining More than $16.5 Million in COVID Relief Funding
Clovis Businessman Pleads Guilty to Stealing $1.4 Million in COVID-19 Relief Money
Ending Active Collections on Delinquent COVID-19 Economic Injury Disaster Loans
The Small Business Administration's (SBA) Office of Inspector General (OIG) is issuing this management advisory to bring attention to concerns regarding SBA’s decision to end active collections on delinquent COVID-19 Economic Injury Disaster Loans (EIDL) with an outstanding balance of $100,000 or...
SBA’s Oversight of Restaurant Revitalization Fund Recipients
We reviewed the U.S. Small Business Administration’s (SBA) oversight of Restaurant Revitalization Fund (RRF) recipients. The American Rescue Plan Act of 2021 authorized SBA to administer the RRF and provided $28.6 billion to assist eligible small businesses adversely affected by the Coronavirus...
SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary Market
The U.S. Small Business Administration (SBA) is authorized under Section 7(a) of the Small Business Act to provide financial assistance to small businesses in the form of government guaranteed loans. The secondary market was established to provide greater liquidity to lenders, thereby, expanding the...
SBA’s Reporting of Loan Data to a Commercial Credit Reporting Agency
The Office of Inspector General (OIG) is issuing this management advisory to bring to U.S. Small Business Administration’s (SBA) attention concerns regarding the SBA’s Reporting of Loan Data to a Commercial Credit Reporting Agency. These issues require immediate attention and action by SBA to ensure...
SBA's Corrective Actions to Improve Oversight of the SCORE Association
We inspected the U.S. Small Business Administration’s (SBA) corrective action(s) for 8 of our 11 recommendations from the Office of Inspector General (OIG) audit report Audit of SBA’s Oversight of the SCORE Association to determine whether SBA continues to practice corrective actions. A verification...