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Blissful Beginnings: The Story of The Blissful Bean
… is where she learned about and then participated in the SBA’s Military Spouse Pathway to Business program. The … program, Gann didn’t stop there. She enrolled in the SBA’s Boots to Business Revenue Readiness course, a … Armed with the knowledge and skills gained from the SBA entrepreneurship courses, Gann officially opened The … -
St. Louis Investment Firm Named Small Business Investment Company of the Year
… growth. The SBIC of the Year award is administered by the SBA’s Office of Investment. This office was established … which provides U.S. taxpayer guaranteed long-term loans to SBA-licensed SBICs. The SBICs use these taxpayer guarantees … To learn more about the SBIC program, visit www.sba.gov/sbic . Each year since 1963, the president has issued … -
USMCA Paves Way for American Small Businesses to Better Compete Globally
… for those that have yet to tap foreign markets,” stated SBA Atlantic Regional Administrator Steve Bulger. “This … and sustain business and economic growth. In FY19, the SBA helped approximately 900 small businesses that export by … more than a total of $1 billion in loans to them. With SBA’s assistance, small businesses can more easily find their … -
Model Early Stage SBIC Limited Partnership Agreement
… debenture leverage only. The Model has been prepared by SBA to assist applicants for Early Stage SBIC licenses. The … to adapt the Model to their own individual situation. SBA has developed the Model as part of its effort to make the … who use the Model in the manner described in this Note, SBA expects that the Model will reduce the time required for … -
IT Policy Archive
… Management (PBM) Policy SOP 90-82 — Procedure for Managing SBA IT Investments – Investment Review Board (IRB) SBA Policy Notice 9000-2139 — SBA Open Source Software Policy SBA Policy Notice 9000-812052 … -
Weaknesses Identified During the FY 2018 Federal Information Security Modernization Act Review
… General (OIG) reviews the Small Business Administration’s (SBA’s) information security program. To determine SBA’s compliance with FISMA, OIG contracted with an … relating to FISMA. OIG monitored KPMG’s work and reported SBA’s compliance with FISMA in the Agency FISMA filings in … -
Audit Report 15-13: Hurricane Sandy Expedited Loan Processes
… of Hurricane Sandy, the Small Business Administration (SBA or Agency) implemented two expedited loan processes: the … while mitigating the risks of loan default, and to ensure SBA complied with the processes. The Office of Inspector … on how to address complex loan situations. This led to SBA loan officers needing to deviate from SAPP procedures in … -
Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
… for three loans totaling $1.8 million. To facilitate SBA’s timely review and recovery of these payments, we issued … all three loans. In a previous audit, we determined that SBA’s limited reviews of lender underwriting resulted in … with the loan. Further, this same loan was included in SBA’s FY 2014 review of improper payments, and was not … -
Audit Report 13-16R: Purchase Reviews Allowed $4.6 Million in Improper Payments on 7(a) Recovery Act Loans
… loans were not originated and closed in accordance with SBA rules and regulations including Standard Operating … identified in the six loans were not detected during SBA’s purchase reviews, they resulted in inappropriate or … approximately $4.6 million. The OIG recommended that the SBA seek recovery from the six lenders associated with these … -
Audit Report 13-03: Benefits of Mentor Protégé Joint Ventures are Unknown: Robust Oversight is Needed to Assure Success and Avoid Abuse
… benefits to the 8(a) participant, and (2) assess the SBA’s oversight of Mentor Protégé Joint Venture Arrangements. The OIG found that the SBA lacked performance measurements for joint venture … that have joint venture agreements. As a result, the SBA did not have the information necessary to determine … -
Report 12-15: Weaknesses Identified During FY 2011 FISMA Review
… audit procedures relating to FISMA. The IPA interviewed SBA personnel, inspected documentation, and tested the effectiveness of SBA’s Information Technology (IT) security controls. The OIG monitored the IPA’s work and reported the SBA’s compliance with FISMA with the Agency FISMA filings on … -
Audit Report 12-20R: Addressing Performance Problems of High-Risk Lenders Remains a Challenge for the Small Business Administration
… of 2009. The audit objective was to determine whether the SBA took actions to mitigate material lender risks identified … of 57 lenders, with 33 reports. The OIG found that the SBA did not always take actions to address lender risks and … The OIG issued two findings, specifically: (1) the SBA did not recognize and take action to address significant … -
Audit 11-13 Independent Review of the SBAs Accounting of FY 2010 Drug Control Funds and Performance Summary Report 4/18/11
… of our review of the Small Business Administration's (SBA) Accounting of Drug Control Funds and Performanc e … circular would constitute an unreasonable burden. As the SBA's Fiscal Year (FY) 2010 drug-related obligations were … circular would constitute an unreasonable burden for the SBA. Also, nothing came to our attention that caused us to … -
Audit Report 09-23: Survey of Electronic Records Management
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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 … -
Report 8-07 – Review of the Adequacy of Supporting Documentation for Disbursements
… from our review of the Small Business Administration's (SBA's) efforts to expedite loan disbursements during its … supporting documentation. We previously reported(1) that SBA had disbursed loans without obtaining all of the … loans. The purpose of this audit was to determine whether SBA secured other documents prior to disbursing loan … -
Weaknesses Identified During the FY 2019 Federal Information Security Modernization Act Review
… Modernization Act (FISMA) requires that OIG review SBA’s information security program. To determine SBA’s compliance with FISMA, OIG contracted with an … relating to FISMA. OIG monitored KPMG’s work and reported SBA’s compliance with FISMA in the Agency FISMA filings in … -
Small Business Timber Set-Aside Program
… RIN 3245-AG69 The U.S. Small Business Administration (SBA or Agency) is amending its Small Business Timber … Program is rooted in the Small Business Act, which tasked SBA with ensuring that small businesses receive a fair … small business participation falls below a certain amount. SBA considered comments received during the Advance Notice of … -
Surety Bond Guarantee Fee Evaluation
… Evaluation & Evidence Registry (PEER) report Report The SBA’s Surety Bond Guarantee (SBG) Program guarantees bid, … cannot obtain traditional commercial surety bonds. The SBA announced a temporary fee reduction for surety agents and firms. SBA contracted with 2M Research (2M) to evaluate the effects …