SBA’s Oversight of Restaurant Revitalization Fund Recipients
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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 Disease 2019 (COVID-19) pandemic.
We determined program officials developed a plan for monitoring RRF award recipients use of funds and recovering unused or improperly awarded funds. However, program implementation was not executed in accordance with the plan.
We made six recommendations for SBA to develop processes and procedures to improve oversight of RRF program recipients and recover unused or improperly awarded funds.
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