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… of a comprehensive digital roadmap to prevent and detect fraud within SBA’s programs and operations, which includes … oversight of SBA pandemic assistance programs, to include fraud detection and investigation. Dr. Nsouli has over 18 …

… SBA made changes to allow certain loans to be reviewed for fraud and eligibility after they have been forgiven. We have … loan forgiveness applications are a potential indicator of fraud. Borrowers who fraudulently obtained a PPP loan are …

… Accountability Office’s A Framework for Managing Fraud Risks in Federal Programs. However, 3,790 applications … which includes 110 RRF awards that were suspected of fraud and referred to the OIG Hotline. These awards were …

… which significantly increased the risk of program fraud.  The unprecedented demand for COVID-19 EIDLs and the … for SBA to strengthen its controls to lower fraud risk and recover funds from ineligible businesses as it …

… internal controls helped safeguard taxpayer funds against fraud, waste, or abuse. SBA established the use of bank card … detail reports to monitor delinquency, potential fraud and misuse, performance metrics, and other …

… lender oversight and safeguards against waste and fraud: While expanding its lending footprint in FY23, the SBA … risk and protect Americans and small business owners from fraud. In FY23 alone, the SBA completed more than 1,000 … — which checks every SBA application for potential fraud indicators before approving the loan. Positioning Our …

… www.sba.gov/local-assistance .  Application Process and Fraud Control Enhancements In addition to the policy … that need COVID EIDL funding most, the SBA has increased fraud controls and is working in collaboration with the SBA …

… loan processing.  Three of these loans had indications of fraud or misapplied loan proceeds and were subsequently … prevent loans to ineligible borrowers and protect against fraud.  SBA management agreed to implement both …

… www.sba.gov/local-assistance . Application Process and Fraud Control Enhancements In addition to the policy … that need COVID EIDL funding most, the SBA increased fraud controls and is working in collaboration with the SBA …

… advanced data analytics and third-party data checks for fraud review on all loan programs before approval.   SBA also … for small businesses and increases protection against fraud Article ID 23-49 Release Date August 1, 2023 Article …

… General’s Hotline at 800-767-0385 or online at  SBA Fraud Alert . For more information on how to avoid scams, visit the  SBA’s Scams and Fraud Alerts .  Need Help? For questions about your PPP loan, …