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… certified public accounting firm KPMG LLP to conduct a performance audit, as required by the Act. The objectives … is not compliant with the Act because the Disaster Direct Loan Program reported an improper payments rate that exceeded …

… every year. In FY 2020, SBA had an unprecedented volume of loan and grant applications because of the Coronavirus … (CARES) Act and other related pandemic legislation. As a result, the agency experienced new information security challenges. We tested a subset of systems in eight areas, called “domains,” and …

… obtain sufficient, appropriate audit evidence to provide a basis for an audit opinion on SBA’s consolidated financial … year ended September 30, 2021. Accordingly, KPMG issued a disclaimer of opinion on the consolidated financial … expanded Paycheck Protection and Economic Injury Disaster Loan programs and the newly implemented Restaurant …

… Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) program. Our review of Treasury’s analysis of … obtained COVID-19 EIDLs and emergency EIDL grants. A portion of these applications have been identified as potential fraud risks in previous OIG reports.  A significant percentage of COVID-19 EIDLs and emergency EIDL …

… of continued issues caused by the unprecedented volume of loan and grant applications spurred by the Coronavirus Aid, … Security  Act and other pandemic relief laws.  We tested a subset of systems in nine areas, called “domains,” and … Consistently Implemented 6.    Security Training — Defined 7.    Information Security Continuous Monitoring — Defined …

… the small town. In March of 2017, their dreams became a reality and Big Cuppa, LLC opened its doors with Jaim at the helm as the majority owner. This move took a lot of sacrifice and determination, as funding the venture … required liquidating retirement accounts and obtaining a loan, remaining effectively homeless by living in the …

… Protection Program and the COVID Economic Injury Disaster Loan Program, since day one, I’ve pushed my team at the SBA … verify applications and substantially mitigating fraud as a result. Under the Biden-Harris Administration, the SBA has … to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an …

… his business when he was just 8 years old. Over the past 7 years he has written, directed, and produced 4 stage plays, a short film, and a web series. The Aidan Eslinger Company is … entrepreneurship pitch nights, and recently received KIVA loan funding to continue his business growth. At the young …

… all involved parties. Every prospective employee provides a unique set of skills, abilities, and job requirements to add value to a business. Beverly Smith and her husband co-founded Career … Inc. in February 2000 with the assistance of an SBA 7a Loan to help connect employees to employers and create …

… Estate Group Century 21 Sandstone Real Estate Group is a full-service real estate firm that offers residential, … service real estate company in Conway, Arkansas. Raised in a single parent home in Forrest City, Arkansas, Korry is a … Conductor and received the COVID Economic Injury Disaster Loan to help sustain operations during the economic …

… company to new heights. All Electric Supply is a full line distributor of electrical supplies, including … and end users. End users include any business that has a full-time facility maintenance staff, such as industrial, … Paycheck Protection Program and Economic Injury Disaster Loan as they struggled through the pandemic. Together these …

… bowling alley from the perspective of both the bowler and a manager. He knew what didn’t work, what would bring people … he first saw in Mandan’s Midway Lanes 57 years ago was a property with lots of potential. “The parking lot was not … The most recent expansion was funded by the SBA 504 Loan program, provided through Lewis & Clark Development …

… Federal government programs, such as procurement and SBA’s loan programs, SBA must update its ‘Table of Small Business …

… Senator Cardin embodies what it means to be a public servant and a statesman. As Chairman of the U.S. Senate Committee on … our Nation well when the pandemic ground our economy to a halt. Senator Cardin helped author the Paycheck Protection …

… him rise to the top in small business lending. Jim is a true advocate who goes above and beyond to get to know his … the best path forward for financial success. He brings a positive, can-do attitude to his position and strives to … clients clear guidance and options, breaking it down in a way that is easy to understand. Jim began his banking …

… the leaders of the National Pan-Hellenic Council for a roundtable discussion on bolstering Black entrepreneurship … made key changes to the Paycheck Protection Program (PPP) loan program and other COVID relief programs that allowed … to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an …

… of A3L Federal Works utilizes the Economic Injury Disaster Loan(EIDL) Advance and Payroll Protection Program (PPP) to …

… company’s busy season. Unfortunately, this Spring brought a once in a lifetime pandemic instead of the annual surge of … Premier Bank to secure a Paycheck Protection Program loan for $55,000, which helped him keep his employees on …