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… system should have been completed in a 12-month period at a total cost of around $1.17 million. Instead, the SBA … modified the task order to receive a system with the same, limited functions as the existing system in use, the Business …
… found that the total number of unauthorized commitments at the SBA in the last two fiscal years greatly exceeded the total number of unauthorized commitments at six other federal agencies of a similar size. Further, … for its daily operations legally and efficiently, and limited its ability to provide needed support to small …
… Generation (FPDS-NG), procuring agencies may have limited contracting opportunities for firms currently … contract actions for which the firms were in the programs at the time of contract award, but in FY 2013 were no longer …
… effectively monitor risk in its loan portfolio. The OIG’s limited analysis identified three high-volume franchises with historical default rates of at least 46-percent, default values over 38-percent, and loss … retail industries with historical default rates of at least 40-percent, default values over 30-percent, and loss …
… However, SBA’s efforts to hurry capital to businesses were at the expense of controls that could have reduced the … business obtaining a PPP loan. As a result, there is limited assurance that loans went to only eligible …