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… Response to COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape Support File size: 258KB | … Remove download button Off … Response to COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape …
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Next Steps: Doing Business Post-PPP/EIDL
… Next Steps: Doing Business Post-PPP/EIDL Brand guide File size: 120KB | Download .pdf for / … download button Off … Next Steps: Doing Business Post-PPP/EIDL … -
SBA Provided $20 Billion to Small Businesses and Non-Profits Through the Economic Injury Disaster Loan Advance Program
… and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, … to assist the greatest number of small businesses, the EIDL Advance provided $1,000 per employee up to a maximum of … million people with $20 billion through the unprecedented EIDL Advance program,” Administrator Jovita Carranza said. … -
Loan and Guaranty Centers
… appropriate center that’s handling the loan. For COVID-19 EIDL servicing, please refer to Manage your EIDL . Commercial Loan Service Center (Fresno, CA) National … TX) Disaster Loan Servicing Center (Birmingham, AL) COVID EIDL Servicing Center (Fort Worth, TX) … Loan and Guaranty … -
SBA Administrator Guzman Enhances COVID Economic Injury Disaster Loan Program to Aid Small Businesses Facing Challenges from Delta Variant
… enhancements to the COVID Economic Injury Disaster Loan (EIDL) program , a federal disaster relief loan designed to … who may also be eligible for the companion COVID EIDL Targeted Advance and Supplemental Advance grants … being announced by the SBA include: Increasing the COVID EIDL Cap. The SBA will lift the COVID EIDL cap from $500,000 … -
Audit Report 14-06: Two Economic Injury Disaster Loans Defaulted After the SBA Made Approval Decisions Totaling $1.4 Million without Mitigating the Reasons for Prior Denials
… OIG’s ongoing audit of the Economic Injury Disaster Loan (EIDL) Program. Report 14-06 On December 20, 2013, the OIG … OIG’s ongoing audit of the Economic Injury Disaster Loan (EIDL) Program. The overall audit objective was to determine … controls to ensure working capital loans under the EIDL Program were approved to eligible borrowers for the … -
SBA’s Processing of COVID-19 Economic Injury Disaster Loan Reconsideration Requests
… Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) reconsideration requests. Report 24-22 The Office of … Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) reconsideration requests. SBA began accepting COVID-19 EIDL applications on March 12, 2020, and continued to accept … -
COVID-19 Economic Injury Disaster Loan Servicing Capability
… its capability to service more than 2 million COVID-19 EIDL. Report 25-16 The Office of Inspector General is issuing … than 2 million COVID-19 Economic Injury Disaster Loans (EIDL). We found the COVID-19 EIDL Servicing Center (CESC) demonstrated that it was capable … -
Automated Controls Should Ensure Compliance with Criteria
… Administration’s (SBA) incomplete reviews of COVID-19 EIDL and grants disbursed to borrowers who self-disclosed … Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) and grants disbursed to borrowers who self-disclosed … 31, 2020, applied only to COVID-19 EIDLs, not Emergency EIDL Advances. The Office of Inspector General disagreed and … -
COVID-19 Economic Injury Disaster Loan Applications Submitted from Foreign IP Addresses
… to flag or prevent potentially fraudulent COVID-19 EIDL applications submitted from foreign IP addresses. Report … Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) applications submitted from foreign Internet Protocol … at foreign IP addresses were able to access the COVID-19 EIDL application system. SBA received millions of attempts to … -
Four Million Hard-Hit Businesses Approved for Nearly $390 Billion in COVID Economic Injury Disaster Loans
… impact of the SBA’s COVID Economic Injury Disaster Loan (EIDL). Through the life of the program, the SBA disbursed … Fund, the Shuttered Venue Operators Grant, the COVID EIDL Targeted and Supplemental Advance Grants, and the Paycheck Protection Program -- COVID EIDL, which was often used for critical business operations … -
SBA Administrator Guzman Announces Key Policy Change: Existing COVID Economic Injury Disaster Loan Program Borrowers to Receive an Additional Deferment
… for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a total of 30 months deferment from inception on all approved COVID EIDL loans. The extended deferment period will provide … growing economic recovery. Since its inception, the COVID EIDL program, a federal disaster relief loan, has allocated … -
Audit Report 14 -20: Controls Governing Economic Injury Disaster Loan Approval Need Improvement
… from our audit of the Economic Injury Disaster Loan (EIDL) Program. Report 14-20 On September 29, 2014, the Office … from our audit of the Economic Injury Disaster Loan (EIDL) Program. The first report, Two Economic Injury … (SBA) processing and approval of loans in the EIDL Program. Our audit objective was to determine whether … -
Ending Active Collections on Delinquent COVID-19 Economic Injury Disaster Loans
… on delinquent COVID-19 Economic Injury Disaster Loans (EIDL) with an outstanding balance of $100,000 or less. Report … on delinquent COVID-19 Economic Injury Disaster Loans (EIDL) with an outstanding balance of $100,000 or less. First, … agencies are continuing to work on identifying COVID-19 EIDL fraud that may not have been identified by the agency. … -
Evaluation of COVID-19 Economic Injury Disaster Loan Applicants on the U.S. Department of the Treasury’s Do Not Pay List
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SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through Dec. 31, 2021
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Public Servants Sentenced for COVID-19 Relief Fraud
… Program (PPP) loans and one Economic Injury Disaster Loan (EIDL), as well as his participation in two bank account … on August 4, 2020, he submitted a false and fraudulent EIDL application in his own name to the Small Business … and entertainment services with 10 employees. The EIDL application falsely certified that for the applicable … -
Stay Safe: Tips to Protect Your Business from Scams Targeting COVID Loan Borrowers
… and your business safe from scams targeting PPP and EIDL borrowers. U.S. Small Business Administration The SBA … Program (PPP) and COVID-Economic Injury Disaster Loan (EIDL) borrowers with phishing calls or emails impersonating a … For questions about your PPP loan, use the PPP Direct Forgiveness Portal's "help" feature or call our service desk … -
Joint Statement by SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin Regarding Enactment of the Paycheck Protection Program Flexibility Act
… a modified borrower application form, and a modified loan forgiveness application implementing these legislative … important changes: Extend the covered period for loan forgiveness from eight weeks after the date of loan … greater flexibility for borrowers to qualify for loan forgiveness. Borrowers who have already received PPP … -
FL 16183 - SBA Offers Disaster Assistance to Small Businesses in Florida Affected by Hurricane Dorian