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make it easier for participants to comply with the program requirements and enable them to maximize the … expanded, or repealed to make the HUBZone Program more effective and/or less burdensome on small business …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

… 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 …

… and prevent duplicate PPP loans. As a result, lenders made more than one PPP loan disbursement to 4,260 borrowers with the same tax identification number and borrowers with the same business name and address. These disbursements …

… 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 …

… by the Small Business Jobs Act of 2010.  Nearly 4,000 more firms in Sectors 42 and 44‑45 will become small and … may also review the originally proposed rule together with all of the comments submitted by going to  …

… Careers ~ Manchester There is no occupation facing a more critical shortage than nursing. If anyone envisioned … her way through school and successfully graduated in 2012 with a master’s degree in Nursing.  Her entrepreneurial … to have a workforce of healthcare-ready graduates. With a focus on education and strong leadership, Kerri …

… take him long to realize that the Omaha tech market needed more custom software design and development solutions for … and has a network of contractors. This growth, coupled with the owners’ dedication to helping their local community, … to keep his business afloat in its early days. They met with an NBDC consultant for help developing a business plan …