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… Audit Report 8-02: Controls over Access to Employee Emails by SBA Managers On October 19, 2007, the OIG issued Audit Report 8-02, Controls over Access to Employee Emails by SBA Managers. Report 8-02 On October 19, 2007, the OIG issued Audit Report 8-02,  …

… Audit Report 8-05: Audit of Grant Disbursements to Women’s Business … Centers On November 20, 2007, the OIG issued Audit Report 8-05, Audit of Grant Disbursments to Women's Business … Business Centers . This audit was conducted in response to a request from the Senate Committee on Small Business and …

… times by the SBA.  Specifically, the SBA processed a batch payment multiple times resulting in duplicate … Disbursement Center.  The auditor found, in some cases, a credit check was not completed before loan disbursement; an … were not performed, and one loan was reinstated without a request from the borrower.   Inadequate review of the loan …

… over financial reporting, the IPA continued to report a significant deficiency related to Information Technology … controls, but did not consider this deficiency to be a material weakness.  The IPA noted that the SBA made …

… Audit Report 8-13: Planning for the Loan Management and Accounting System … Effort On May 14, 2008, the OIG issued Audit Report 8-13, Planning for the Loan Management and Accounting System … risks, and was based on obsolete technology.  It is one in a series of attempts by the SBA during the past several years …

… (SBDCs) provide aspiring and current small business owners a variety of free business consulting and low-cost training … Small Business Administration (SBA), SBDCs must provide a dollar-for-dollar match.  SBA awarded about $1.9 million to … $1.2 million to be used for personnel costs.  However, a significant portion of the personnel expense transactions …

… applicant eligibility for these loans.  We audited a statistically valid sample of 26 of disbursed RISE Act … of incurred costs needed to support damage claims.  As a result, SBA approved loans without sufficiently verifying …

… Development. The SCORE Association (SCORE) is a single cooperative agreement recipient for the program. Established in 1964 as a national, volunteer nonprofit organization, SCORE has been … managed funds used for cosponsored activities. As a result, we questioned $713,986 of costs that did not adhere …

… 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 expanded availability to capital for …

… and ensure program integrity.  In our review of a statistical sample of 52 microloan files, we found that … of the data reported to SBA by the intermediaries. As a result, SBA’s ability to validate microloan data, conduct …

… internal controls and other operational matters. Report 8-06 On December 14, 2007, the OIG issued the independent … accountant or (IPA’s) management letter in Audit Report 8-06,  Audit of SBA’s FY 2007 Financial Statements – …

… harm posed by individuals or entities who demonstrate a lack of business integrity. Entities suspended, debarred, … prior to approving SBA-guaranteed loans valued at $3.8 million, nor did they maintain evidence to support they had … federal contracting rules to gain access to the 8(a) Business Development Program. Also, by not documenting …

… documentation to support loan-making decisions. As a result, SBA disbursed 36,869 of the 73,313, or 50 percent, …

… for the oversight of SBA lenders and its $120 billion 7(a) and 504 loan portfolio. OCRM’s mission is to maximize the … and prioritizing additional lenders for review, a comprehensive database to manage its oversight of high-risk … recommended adequate and consistent actions or have a requirement to communicate significant lender review …

… of loss. The CA pilot began in February 2011, under the 7(a) loan program, to expand access to capital in underserved markets. The pilot provides access to 7(a) loan guaranties as high as 85 percent for loans up to … the default rate for similarly sized non-CA 7(a) loans was 8.7 percent. Lastly, while SBA generally established internal …

… Arsenal Business and Technology Partnership (Arsenal) a cooperative agreement for $180,000 to perform veterans … addition, SBA did not adhere to its policy for selecting a Technical Evaluation Panel (TEP) member who participated in … Lastly, we questioned $10,168 of unallowable costs as a result of Arsenal reporting expenditures that exceeded …

… as of April 30, 2019. Under the law as amended in 2014, if a disaster loan is delinquent for 120 days, the SBA is … were exempt from collection action. In addition, a number of delinquent loans were incorrectly classified as … bear the full cost of operating the resolution center, a total of approximately $49.6 million from fiscal years …

… oversight of the sample WBCs’ use of federal funds. As a result of weaknesses in SBA’s internal controls and limited …