Evaluation Report 16-22: The OIG High Risk 7(a) Loan Review Program Recommends $3.2 Million in Recoveries
… recommended that SBA evaluate the time National Guaranty Purchase Center (NGPC) loan specialists have to review …
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https://www.sba.gov/document/report-16-22-evaluation-report-16-22-oig-high-risk-7a-loan-review-program-recommends-32-million-recoveries
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Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
https://www.sba.gov/document/report-15-09-evaluation-report-15-09-oig-high-risk-7a-loan-review-program-recommends-18-million-recoveries… in improper payments. In addition, the National Guaranty Purchase Center quality control team reviewed one of the three loans during the purchase review process, but did not identify any material … -
Audit Report 14-07: Management Letter-SBA’s FY 2013 Financial Statement Audit.
https://www.sba.gov/document/report-14-07-audit-report-14-07-management-letter-sbas-fy-2013-financial-statement-audit… (2) missing loan file documentation; (3) untimely post-purchase and charge-off reviews and untimely processing of … and charge-offs; (5) incorrect amount paid at the time of purchase guaranty; (6) inadequate review of Star and … -
Report 12-18: A Detailed Repayment Ability Analysis is Needed on High-Dollar Early-Defaulted Loans to Prevent Future Improper Payments
https://www.sba.gov/document/report-12-18-report-12-18-detailed-repayment-ability-analysis-needed-high-dollar-early-defaulted-loans-prevent… lender underwriting performed at the National Guaranty Purchase Center (NGPC) on early-defaulted loans was not … early-defaulted loans and provide training to NGPC purchase staff. Office of Inspector General Effective: … -
Audit Report 12-20R: Addressing Performance Problems of High-Risk Lenders Remains a Challenge for the Small Business Administration
https://www.sba.gov/document/report-12-20r-audit-report-12-20r-addressing-performance-problems-high-risk-lenders-remains-challenge-small… and, (2) the SBA needs to improve its on-site and purchase review process. The OIG made six recommendations. … -
Obama Cabinet Member to Visit Boston Area to Support President’s Trade Agenda
https://www.sba.gov/article/2016/jan/19/obama-cabinet-member-visit-boston-area-support-presidents-trade-agenda -
Glossary of Business Terms
https://www.sba.gov/document/support-glossary-business-terms… by the federal government with appropriated funds through purchase or lease. Affiliates Business concerns, … -
Guidance on Participation Sales for PPP Loans
https://www.sba.gov/document/procedural-notice-5000-20021-guidance-participation-sales-ppp-loans -
Celebrating National Hispanic Heritage Month: SBA Hosts Armchair Discussion on Increasing Opportunities for Hispanic-Owned Small Businesses
https://www.sba.gov/article/2022/sep/26/celebrating-national-hispanic-heritage-month-sba-hosts-armchair-discussion-increasing-opportunities… Coforma, LLC, in Washington, D.C. and Alejandro Ramirez of Universal Spartan, LLC, in Vine Grove, Kentucky. The … , Coforma, LLC, Washington, D.C. Alejandro Ramirez , Universal Spartan, LLC, Vine Grove, Kentucky HOW: … -
Fieldstone Animal Inn, Millersville, MD
https://www.sba.gov/success-story/fieldstone-animal-inn-millersville-md… parties and the Pet Prom in June. After deciding to purchase the business, the Radles took advantage of free … -
TX 15274-24 SBA Centers to Close in Beaumont, Houston, Sour Lake and Wharton
https://www.sba.gov/article/2018/jan/29/tx-15274-24-sba-centers-close-beaumont-houston-sour-lake-wharton -
Thread of excellence runs through century-old tailor shop
https://www.sba.gov/success-story/thread-excellence-runs-through-century-old-tailor-shop -
Thread of excellence runs through century-old tailor shop
https://www.sba.gov/success-story/thread-excellence-runs-through-century-old-tailor-shop-0 -
Eye Center of Houston
https://www.sba.gov/success-story/eye-center-houston… turn his vision into a reality by utilizing loan funds to purchase medical equipment and build-out a 5,000 square foot … -
Kimberly P. McLeod
https://www.sba.gov/person/kimberly-p-mcleod -
From One to 14 Bowling Centers with SBA Financing
https://www.sba.gov/success-story/one-14-bowling-centers-sba-financing… wanted to expand this business with additional centers To purchase a new bowling center, L&S was approved for a $1.6 … SBA guaranteed loan from Columbia State Bank in 2009. To purchase additional bowling centers, L&S was approved for six … -
NC 14911 - SBA’s Business Recovery Centers for Hurricane Matthew in North Carolina will close for Thanksgiving
https://www.sba.gov/article/2016/nov/18/nc-14911-sbas-business-recovery-centers-hurricane-matthew-north-carolina-will-close-thanksgiving -
TX 15274-24-SP SBA Cierra los Centros de Beaumont, Houston, Sour Lake and Wharton
https://www.sba.gov/article/2018/jan/29/tx-15274-24-sp-sba-cierra-los-centros-de-beaumont-houston-sour-lake-wharton -
Stacy & Adam Stevens Took the Entrepreneurial Leap Together: This Time it’s Her Turn
https://www.sba.gov/success-story/stacy-adam-stevens-took-entrepreneurial-leap-together-time-its-her-turn… reached out to M&T Bank to discuss the financial plan to purchase the long-standing business. Through the support of … they closed on an SBA 504 loan through Pursuit CDC to purchase all the property correlated to the business, which … -
SBA Celebrates the Launch of New Maryland Women’s Business Centers
https://www.sba.gov/article/2020/may/29/sba-celebrates-launch-new-maryland-womens-business-centers