Inspector General
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This section contains reports relating to Business Loans and Lender Oversight for the Office of Inspector General.
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On July 20, 2000, the OIG issued Audit Report 0-24, Audit of the Y2K Loan Program. The Y2K Loan Program, authorized by the Small Business Year 2000 Readiness Act (Act), was established to help small businesses become Y2K...
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On July 20, 2000, the OIG issued Audit Report 0-21, Audit of a Y2K Loan. The OIG was required to conduct this review to mitigate the risk of fraud and ensure safety and soundness of the program. The objective of this audit...
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On March 30, 2001, the OIG issued Inspection & Evaluation Advisory Memorandum 01-03-01, Timeliness of Formal Character Determinations on Loan Applicants. The SBA attempts to prevent fraud and monetary loss by making any...
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On November 26, 1997, the OIG issued Audit Report 8-6-F-007-003, Audit of the Nevada State Development Company Loan Origination and Servicing Practices. The SBA certified Nevada State, a for profit corporation, as a CDC in 1983...
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On September 30, 1994, the OIG issued Audit Report 4-3-E-009-023, Job Opportunity Reporting Under the Section 503 and 504 Programs. The objective of the OIG’s review was to determine if the reported job opportunities...
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On February 6, 2003, the OIG issued Audit Report 3-10, Audit of 504 Loan Program Oversight. The objective of this audit was to determine if SBA’s oversight of the 504 Loan Program provided a thorough and reliable...
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In March 1998, the OIG issued Inspection Audit Report 98-03-01, Loan Agents and the Section 7(a) Program, which focused on preventing loan agent fraud. Although loan agents help small businesses gain access to capital, some have...
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In April 1997, the OIG issued Inspection Audit Report 97-04-02, Increasing Lender Liquidation Responsibility in the 7(a) Business Loan Program. This inspection was initiated out of concern that increased loan volume and...
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On June 24, 1996, the OIG issued Inspection Audit Report 96-11-001, Inspection of Best Practices of Section 7(a) Lenders. This inspection focused on the credit management procedures identified by the nine successful lenders in...
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In June 1996, the OIG issued Inspection Audit Report 96-06-002, 7(a) General Business Loan Program Loss Rate. This inspection focused on the methodology used to compute loss rates for the 7(a) general business loan program and...