Audit Report 14 -20: Controls Governing Economic Injury Disaster Loan Approval Need Improvement
… The SBA approved 1 loan to an ineligible borrower, 2 loans with incomplete analyses, and 8 loans that contained errors … economic injury or did not have supporting documentation needed to justify the loan amount. All of these loans were … supervisory loan officers for the identified noncompliance with the standard operating procedures. The Office of …