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Is Starting a Business Your New Year’s Resolution? The SBA Can Help
… Administration The SBA works to ignite change and spark action so small businesses can confidently start, grow, … competitors. After that, it’s time to get your business plan together. An experienced SBA resource partner can help … or an online shop in mind, be considerate of where you plan to operate. Additionally, the business structure you … -
Stephanie Vanderbilt Started Coastal Windows & Exteriors with a Single Desk Above a Warehouse
… and mentorship needed to craft a comprehensive business plan. This not only laid the groundwork for launching … support of the MSBDC, Stephanie created a solid business plan and learned how to position Coastal Windows & Exteriors … -
Audit Report ROM 09-1: Key Unresolved OIG Audit Recommendations in Program Areas Funded by the American Recovery and Reinvestment Act and Related Activities Needed to Safeguard Funds
… of Recovery Act programs in the Agency’s risk mitigation plan. Office of Inspector General Effective: April 30, 2009 | … -
Consolidated Results of the OIG High Risk 7(a) Loan Review Program
… Business Administration (SBA) for appropriate corrective action. The issues we found in our FY 2019 reviews were … evaluations, such as business valuations, affiliates, equity injection, and repayment ability. SBA agreed with our … -
Audit Report 13-10: The Small Business Administration Did Not Effectively Assess Disaster Assistance Staffing Requirements, Availability, and Readiness
… The OIG recommended that the Agency (1) develop a plan that ensures the biennial simulation exercise includes … simulation exercise scenario; (2) implement a corrective action plan to address deficiencies identified during the biennial … -
Building memories for today, tomorrow and beyond
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Grow your business
… Once you’re ready to expand, update the marketing plan and confirm that your business is financially prepared. … -
Emerging Leaders Class helps Empire Optical see clearly
… with our customers.” Hargrove, who developed a Growth Plan as part of SBA’s Emerging Leader class, credits the … plans now. The first three years of working the Growth Plan were essential for retiring debt, for getting ourselves … -
Report Number 13-12: The SBA Used Inappropriate Contracting Practices to Reconfigure Space for the Office of International Trade
… actually performed. If not, the CO should take appropriate action; (3) implement procedures to ensure the COs and CORs … COR. If appropriate, initiate appropriate administrative action against the COR assigned to the purchase order. Office … -
From Boots to Business
… business ownership, outlining the components of a business plan, a practical exercise in opportunity recognition, and an … the knowledge needed to create an actionable business plan. The program is administered as a collaborative effort … -
SBA Helps Salon Manage Growth and Pandemic Impact
… taught them how to put that knowledge into a written plan. In the dynamic salon industry, carving out a niche market can be risky, even with a great plan. Two steps forward, one step back is often the norm. … -
Magic City Hoagies
… in the back of her mind, so she started writing a business plan for a restaurant. Then in the Fall of 2013, her husband … and they moved with their young daughter. Her business plan was shelved during the relocation and time needed to … Staley met the owner the next day, revamped her business plan for a sandwich shop, obtained financing to purchase the … -
SBA’s Oversight of Restaurant Revitalization Fund Recipients
… Revitalization Fund (RRF) recipients. The American Rescue Plan Act of 2021 authorized SBA to administer the RRF and … pandemic . We determined program officials developed a plan for monitoring RRF award recipients use of funds and … implementation was not executed in accordance with the plan. We made six recommendations for SBA to develop … -
SBA’s Administrative Process to Address Potentially Fraudulent Restaurant Revitalization Fund Awards
… having gross sales verified. Once notified, SBA took quick action and prevented $278.4 million from being disbursed to … -
SBA's Management of Voluntary Early Retirement Authority and Voluntary Separation Incentive Payment Program
… goals, including accurate information in the VERA-VSIP plan, making significant changes to its organizational … -
Independent Auditors’ Report on SBA’s Fiscal Year 2021 Compliance with the Payment Integrity Information Act of 2019
… Disaster Direct Loan Program did not publish corrective action plans, demonstrate improvement to payment integrity or develop a plan to meet the improper payment and unknown payment … -
Serious Concerns Regarding the Return of Paycheck Protection Program Funds
… (PPP) funds. This issue requires immediate attention and action by the U.S. Small Business Administration (SBA) to … lenders, and financial institutions. Expedited management action should mitigate the risk of financial loss to … the risk of financial loss. SBA should take immediate action to ensure it has processes and procedures in place to … -
SBA’s Restaurant Revitalization Fund Program Award Practices
… guidance were effective. SBA developed an implementation plan including a risk framework that was intended to reduce … Funds (RRF) to ineligible recipients. However, the plan did not include all program requirements and SBA did not always adhere to the plan or have sufficient controls to ensure program and …