Search

… Report 8-08 – UPS Capital Business Credit’s Compliance with Selected 7(A) Lending Requirements This report presents the results of our audit of UPSC's compliance with selected Small Business Administration (SBA) lending … is provided in Appendix II. The sampled loans comprise more than one-third of the $30.8 million SBA paid for the 103 …

… schemes related to SBA economic stimulus programs.  For more information see the Office of Inspector General's page …

… existing controls. This document is intended to assist SBA with ensuring program integrity, program goals and objectives … hurricanes were EIDLs. As of April 1, 2020, SBA received more than 94,000 EIDL applications for the COVID-19 pandemic. … the timeframe of the disaster Encountered challenges with having experienced or well-trained staff to provide …

… SBA loans, which can be forgiven if used in accordance with the Act. SBA launched the program on April 3, 2020, and just 14 days later, by April 16, PPP lenders approved more than 1,661,000 loans totaling nearly $342.3 billion. On … for implementing the PPP and SBA’s FAQs mostly aligned with the Act. We identified the following areas, however, …

… amendments will make it easier for participants to comply with the program requirements and enable them to maximize the … expanded, or repealed to make the HUBZone Program more effective and/or less burdensome on small business …

… Business Act by replacing fixed dollar amount thresholds with reference to the micro-purchase and simplified … by United States Citizens in the HUBZone program to more accurately align with the underlying statutory authority. Finally, SBA is …

… immediate attention and action. OIG had been inundated with contacts to investigative field offices and the complaint Hotline. OIG received complaints of more than 5,000 instances of suspected fraud from financial … Additionally, we have found indications of deficiencies with internal controls related to disaster assistance for the …

… participation in federal contracts. Although SBA has spent more than $30 million on the development of Certify and it … reporting. While SBA management agreed or partially agreed with all recommendations, its planned actions resolved three recommendations. We will work with SBA management to resolve the remaining six …

… resources for furloughed SBA employees Support For more information, see SBA employee information for shutdown …

… of any datasets found that may be of use for a more comprehensive study. File size: 1942KB | Download .pdf …

… to provide debt relief to 7(a) borrowers in accordance with CARES Act Section 1112 and internal policies and procedures. We found that SBA effectively ensured that more than 224,000 borrowers of 7(a) loans received $2.6 … borrowers receive subsidy payments. We identified issues with lender reported information that increased the risk of …

… complaints of fraud received by the OIG, we collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) … for forgiveness or any further disbursements. To establish more effective oversight controls related to the PPP, we … PPP loans that have not been fully disbursed and follow-up with the lenders to stop $280 million in potential improper …

… a Contract This is a management advisory of vendors with use without a contract. Report 21-08 OIG is issuing this … SBA had paid these vendors an estimated combined total of more than $10.8 million in unauthorized commitments. We … report when preparing the final report. Management agreed with recommendations 1 and 2 and disagreed with …

… cooperative agreements and grants in accordance with applicable federal laws. Report 21-11 This report found … cooperative agreements and grants in accordance with applicable federal laws, regulations, and guidance. We … goals and identified performance indicators. To more effectively ensure performance goals are achieved as …

… administrative records, and responses. Support For more information see the  PPP procedural rule  and SBA's PPP …

… because they exceeded the applicable size standard of no more than 500 employees at the time of application and … also reviewed the three national organizations associated with the PPP loans to the aforementioned Planned Parenthood, Goodwill, and YMCA for potential affiliation with the PPP loan recipients. We found no affiliation between …

… Congress eliminated this restriction 9 months later with the Consolidated Appropriations Act, 2021. We found SBA … using official tax information. Of that amount, more than $92 million was disbursed to businesses with suspect Taxpayer Identification Numbers. We reviewed 30 …

… SBA's decision to end collections on purchased PPP loans with an outstanding balance of $100,000 or less. Report 22-25 … on purchased Paycheck Protection Program (PPP) loans with an outstanding balance of $100,000 or less. In … the cost of collecting loans of $100,000 or less is more than the recovery amount and pursue collections based on …

… to compete globally by using existing machining capacity more effectively and efficiently to improve operating costs … of the services provided by Latrobe, LLC, she contracted with Marion High School which culminated in a community job …