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Certificate of Service: 8(a) BD Eligibility Appeal
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Consolidated Results of the Office of Inspector General High Risk 7(a) Loan Review Program
… two advisory memorandums regarding these four loans to SBA for appropriate corrective action. We also identified … totaling nearly $4 million for further investigation. SBA reviewed the 11 loans we previously reported on with … recoveries totaling more than $8.5 million. To date, SBA has contacted the lenders to obtain additional … -
Report 17-05: DATA Act Readiness
… 17-05, DATA Act Readiness. Report 17-05 Our evaluation of SBA’s readiness to meet the requirements of the DATA Act found that SBA developed a project plan prescribed by the eight key … meet the DATA Act reporting requirements. Specifically, SBA (1) had not built its reporting submission specifications … -
Audit Report 14-12: Weaknesses Identified During the FY 2013 Federal Information Security Management Act Review
… capital planning In FY 2013, the OIG found that the SBA continued to show limited progress in meeting FISMA … In the annual FISMA report, the OIG found the SBA needs to further establish its configuration management, … In addition to weaknesses identified in FY 2013, the SBA needs to continue to remediate outstanding and overdue … -
Audit Report 13-07: The Small Business Administration’s Improper Payment Rate for 7(a) Guaranty Purchases Remains Significantly Underestimated
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Evaluation Report 14-21: Review of the LMAS Incremental Improvement Projects
… OIG identified that the Small Business Administration’s (SBA) project oversight can be improved. The SBA’s information technology (IT) governance boards need to … underperforming projects, when necessary. Finally, the SBA needs to ensure its Enterprise Architecture serves as the … -
Report 11-16 - Banco Popular Did Not Adequately Assess Borrower Repayment Ability When Originating Huntington Learning Center Franchise Loans
… improperly originated Small Business Administration (SBA) guaranteed loans made to HLCs. The complaint, which … gross revenue projections submitted by loan brokers in SBA loan applications. Accordingly, our audit objective was … loans. During the course of the audit, we also noted that SBA's Loan Accounting System did not accurately reflect … -
Report 9-08 – Audit of the Liquidation Process at the National Guaranty Purchase Center
… Purchase Center. The Small Business Administration (SBA) guarantees loans that are made by participating lenders. Upon loan default, SBA authorizes participating lenders to continue servicing … to determine if the lender materially complied with SBA’s liquidation requirements. Office of Inspector General … -
Audit Report 8-05: Audit of Grant Disbursements to Women’s Business Centers
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Audit Report 9-04: GFRS for Fiscal Year 2008 - Special Purpose Financial Statements
… in all material respects, the financial position of the SBA as of September 30, 2008, and the results of operations, … accounting principles. The IPA stated that while the SBA made progress in several areas in its efforts to address … on the Most Serious Management Challenges Facing the SBA since 2000. These deficiencies related to software … -
Consolidated Results of the OIG High Risk 7(a) Loan Review Program
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Woman-Owned Small Business and Economically Disadvantaged Woman-Owned Small Business-Certification
… Report RIN 3245-AG75 The Small Business Administration (SBA) is seeking input and comments on certification of Women- … Small Business Federal Contract Program (WOSB Program). SBA is planning to amend its regulations to implement Sec. … authority allowing WOSBs and EDWOSBs to self-certify. SBA intends to draft regulations to implement the statutory … -
Women-Owned Small Business Federal Contract Program
… Report RIN 3245-AG72 The Small Business Administration (SBA) proposes to amend its regulations to implement … Section 825 of NDAA FY 2015 changed the deadline for SBA to conduct a study to determine the industries in which … are underrepresented to January 2, 2016. As a result, SBA is proposing to amend its definitions of … -
PPP Loan Necessity Questionnaire (Non-profit borrowers)
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Enterprise Azure Enclave
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Restaurant Revitalization Fund Program Post Award Report
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Francine Hines
… and Operations for the Small Business Administration (SBA), Office of Inspector General (OIG). Ms. Hines is … improve and sustain support operations. Prior to joining SBA OIG in March 2023, Hines worked at the United States … -
Wheeling West Virginia Entrepreneur Utilizes Economic Injury Disaster Loan Advance and Paycheck Protection Program to stay open and pay local vendors
… Games” on the Food Network. Welsch is also no stranger to SBA, he has worked with an SBDC coach since 2014, utilized an SBA microloan through the First Microloan of West Virginia, … Center coach, was able to apply for and receive the SBA Economic Injury Disaster Loan(EIDL) Advance and the … -
Women-Owned Business Brings New Heights to Western New York