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https://www.sba.gov/document/report-16-16-report-16-16-weakness-identified-during-sbas-office-365-cloud-email
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Audit Report 15-13: Hurricane Sandy Expedited Loan Processes
https://www.sba.gov/document/report-15-13-audit-report-15-13-hurricane-sandy-expedited-loan-processes… the risks of loan default, and to ensure SBA complied with the processes. The Office of Inspector General (OIG) … loan officers needing to deviate from SAPP procedures in order to more accurately determine applicants’ actual income … training for loan officers. If another disaster occurs with a similar magnitude to Hurricane Sandy, the Agency could … -
Audit Report 13-14: The SBA’s 417 Unauthorized Commitments Impacted Mission-Related Services and Increased Costs
https://www.sba.gov/document/report-13-14-audit-report-13-14-sbas-417-unauthorized-commitments-impacted-mission-related-services-increased… (SBA or the Agency) received invoices associated with 417 unauthorized commitments, valuing more than $1.4 … however, transformation of the culture needs to occur. In order to implement a successful culture change, the SBA needs … -
Audit Report 12-21: Review of SBA’s State Trade and Export Promotion (STEP) Grant Program
https://www.sba.gov/document/report-12-21-audit-report-12-21-review-sbas-state-trade-export-promotion-step-grant-program… Pennsylvania, Washington, Michigan, and Illinois, in order to determine whether grant recipients were measuring … performance. In addition, SBA personnel did not meet with Congress to identify and clarify the FY 2011 STEP … -
Report 9-07 - System Access by Contractors without Security Clearances
https://www.sba.gov/document/report-9-07-report-9-07-system-access-contractors-without-security-clearances… (OIG) is required to annually assess SBA’s compliance with FISMA in accordance with specific reporting instructions issued by the Office of … tracked in SBA’s Plan of Action and Milestones (POA&M). In order to assess security controls over contractor access, we … -
Audit of SBA's FY 2007 Financial Statements - Management Letter
https://www.sba.gov/document/report-8-06-audit-sbas-fy-2007-financial-statements-management-letter -
Report on the Most Serious Management and Performance Challenges by Office of Inspector General
https://www.sba.gov/document/report-report-most-serious-management-performance-challenges-office-inspector-general… or inefficiencies. The Challenges are not presented in order of priority, as we believe that all are critical … -
Small Business Mentor Protege Program Final Rule
https://www.sba.gov/document/report-rin-3245-ag24-small-business-mentor-protege-program-final-rule… program for all small business concerns, consistent with SBA’s mentor-protégé program for Participants in SBA’s … the mentor- protege provisions for the 8(a) BD program in order to make the mentor-protege rules for each of the … -
Evaluation of Withdrawals and Terminations from SBA’s All Small Mentor-Protégé Program
https://www.sba.gov/document/report-evaluation-withdrawals-terminations-sbas-all-small-mentor-protege-program… the firms’ decision to discontinue its involvement with the program and collected information on the types of improvements the SBA might consider in order to enhance the experience of program participants. File … -
The SBA Issues a Report on the First 5-Year Comprehensive Review of Size Standards
https://www.sba.gov/article/2018/02/27/sba-issues-report-first-5-year-comprehensive-review-size-standards… was in the late 1970s and early 1980s. In accordance with the Jobs Act, the SBA has also submitted to the … included in the report is information on the order in which SBA reviewed size standards in various North … five-year review of all size standards, in accordance with the 2010 Jobs Act. Release Date February 27, 2018 … -
The SBA Issues a Report on the Second Five-Year Comprehensive Review of Size Standards
https://www.sba.gov/article/2023/06/02/sba-issues-report-second-five-year-comprehensive-review-size-standards… Comprehensive Review of Size Standards In accordance with Section 1344 of the Small Business Jobs Act of 2010 … of 1,037 size standards and revised 436. In accordance with the Jobs Act, the SBA has also submitted to the … included in the report is information on the order in which SBA reviewed size standards in various North … -
Readout of SBA Administrator Isabella Casillas Guzman and Second Gentleman Douglas Emhoff’s Visit to Latino-Owned Small Businesses
https://www.sba.gov/article/2023/09/19/readout-sba-administrator-isabella-casillas-guzman-second-gentleman-douglas-emhoffs-visit-latino… Reyes. Administrator Guzman and the Second Gentleman spoke with the entrepreneurs about their small business journeys, … priority of ensuring equitable access to SBA resources in order to address the funding and revenue gaps that limit our … the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or … -
SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary Market
https://www.sba.gov/document/report-23-14-sbas-corrective-actions-improve-controls-over-7a-loans-sold-secondary-market… through the FTA. However, due to the risk associated with these lenders, SBA’s Office of Credit Risk Management … review of each loan to determine whether it complies with SBA requirements and is eligible for sale. We determined … -
From the Army and Air Force to New York’s Go-To Hair Source
https://www.sba.gov/success-story/army-air-force-new-yorks-go-hair-source -
Sydor Optics uses STEP to Step up its International Sales
https://www.sba.gov/success-story/sydor-optics-uses-step-step-its-international-sales… recently, making windows for the Orion space missions. With a SBA 504 loan in 1997, Sydor acquired a new facility in … by providing grants to cover the costs associated with entering and expanding into international markets. … in one of our salespeople traveling to Israel to meet with seven potential customers.” Currently Sydor is applying … -
SBA Partner and Minnesota Rural Community Rallies Around Immigrant Business Owner
https://www.sba.gov/success-story/sba-partner-and-minnesota-rural-community-rallies-around-immigrant-business-owner… from the Philippines, grew up in the restaurant business. With a bachelor’s degree in accounting and while working in … create her first business plan and website at no charge. With the support of her community behind her, Ruby connected with the Small Business Development Center for further … -
Biden-Harris Administration Launches Working Capital Pilot Program
https://www.sba.gov/article/2024/06/06/biden-harris-administration-launches-working-capital-pilot-program… the SBA’s loan programs by adding a line of credit product with an innovative fee structure engineered to increase … Asset-Based WCP loans will provide small businesses with a cost-effective way to access working capital against … Capital Program and greatly reduces the cost of loans with shorter maturities, allowing a small business to pay the … -
Family Business takes off with SBA Financing and Training
https://www.sba.gov/success-story/family-business-takes-sba-financing-and-training… Family Business takes off with SBA Financing and Training Frank Spencer purchased Aztec … construction industry. It required he surround himself with individuals that had the right experience and knowledge … up internal systems and work flows inside the company in order to allow it to run consistently, reliably, and … -
SBA-backed loan helps basketball player build facility to train the next generation of athletes
https://www.sba.gov/success-story/sba-backed-loan-helps-basketball-player-build-facility-train-next-generation-athletes… tied to another business. In 2014, Miller started working with the Fox Valley Entrepreneurship Center and a bookkeeper to get his financials in order. The process of securing a loan was a long one, but … -
Administrator Loeffler Announces SBA Reforms to Put American Citizens First
https://www.sba.gov/article/2025/03/06/administrator-loeffler-announces-sba-reforms-put-american-citizens-first… owned in whole or in part by an illegal alien, consistent with President Trump’s executive order ending the taxpayer subsidization of open borders. … offices currently in municipalities that do not comply with U.S. Immigration and Customs Enforcement. Over the …