Report 9-16 – The Small Business Administration’s Fiscal Year 2008 Improper Payment Rate for the 7(A) Guaranty Loan Program
… of our audit of the Small Business Administration’s (SBA) Fiscal Year (FY) 2008 improper payment rate for the 7(a) … actions to reduce them. Since implementation of the Act, SBA has reported a low improper payment rate for the 7(a) … purchases, we initiated the audit to determine (1) whether SBA’s FY 2008 estimate of the improper payment rate for the …