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… prior to direct loan charge-off in compliance with SOP 50 5,  Consumerloan servicing and collections for disaster … loan was approved for $27,100 (exceeding the $10,000 limit on such loans);  duplication of benefits … in their review, only 16 actual duplications totaling $7,464,000.   Improvement needed in the Office of Credit Risk …

… these improvements, deficiencies continued to exist for: (1) security access controls, (2) software program changes, …

… years.  The objectives of this audit were to evaluate the (1) progress the SBA has made since project inception, (2) … per year.  The OIG issued the following findings:  (1) The SBA has not migrated LAS off the Mainframe, (2) by … the Office of Capital Access, to address recommendations 1, 2, and 3.  The LMAS project manager did not provide a …

… provide a dollar-for-dollar match.  SBA awarded about $1.9 million to the Tennessee SBDC (Lead Center) hosted by … State University for calendar year 2013.  We audited the $1.9 million grant to determine whether the Lead Center … classified, supported, and charged to the grant.  Of the $1.9 million that SBA awarded to the Lead Center, the approved …

… disaster loan application filing period for an additional 1-year period, and required the Office of Inspector General … 5 of the 26 RISE Act disaster loans reviewed, totaling $1,714,110, contained ineligible disbursements due to wrongful …

… SCORE has been an SBA resource partner for more than 50 years and provides free of charge business and technical … Our audit reviewed SCORE’s fiscal year (FY) 2017 award of $10.5 million and the first quarter of FY 2018’s award of …

… Audit of SBA's Controls over 7(a) Loans Sold on The Secondary Market This report presents … lenders to sell the guaranteed portions of their SBA 7(a) loans to private investors at a premium to provide … for small businesses. The fiscal transfer agent for 7(a) loans that is contracted by SBA facilitates the sale …

… controls and other operational matters that included: (1) the guaranteed purchase process, (2) the guaranty loan …

… As a result, SBA disbursed 36,869 of the 73,313, or 50 percent, loans included in our scope, totaling $594,286,878 of $1.4 billion, without validating the cause and extent of … Management partially agreed with recommendations 1 and 2 and agreed with recommendations 3 and 4. Management’s …

… for the oversight of SBA lenders and its $120 billion 7(a) and 504 loan portfolio. OCRM’s mission is to maximize … deficiencies will continue to participate in SBA’s 7(a) and 504 loan programs, which could jeopardize the … in FYs 2015–2017. These lenders originated and disbursed $1 billion in loans in which $112.5 million was transferred to …

… of loss. The CA pilot began in February 2011, under the 7(a) loan program, to expand access to capital in underserved … Income (LMI) communities, businesses where more than 50 percent of the full-time workforce is low-income or … SBA purchased these defaulted loans for about $2.1 million. We question about $51.5 million, which include the …

… Center. Our objectives were to determine whether SBA (1) awarded Arsenal’s 2016 and 2018 cooperative agreements in … achieved its intended impact. Lastly, we questioned $10,168 of unallowable costs as a result of Arsenal reporting …

… In our sample of 20 loans, eight (40 percent) totaling $1.2 million, were incorrectly classified as exempt. We also … $49.6 million from fiscal years 2011-19.   We recommended 10 actions for SBA to strengthen its controls and improve …

… program officials did not detect that WBCs in our sample: (1) failed to take corrective action to remedy accounting … costs, matching funds, and program income earned. We made 10 recommendations to improve SBA’s oversight and management … cooperative agreements. SBA management concurred with all 10 recommendations, and its planned actions resolve the …

… State Trade Expansion Program (STEP) with the objectives (1) to determine the extent to which STEP recipients measured …

… Optimal was one of 11 companies in the Texas Pavilion, 10 of which utilized STEP funding to support their …