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… access to capital and other resources. Through the Small Business Investment Company (SBIC) program, small businesses … good. In August 2023, the SBIC program expanded to include a new debt instrument called the Accrual Debenture.  Through …

… Acts of 2016 and 2017 (the Acts) granted the Small Business Administration (SBA) the authority to accept gifts … gifts on behalf of SBA after proper approvals, including a conflict of interest determination by SBA’s Office of … may provide assistance for the benefit of small business through Agency-sponsored activities, through …

… accounting firm KPMG LLP (KPMG) to audit the U.S. Small Business Administration’s (SBA) Closing Package Financial Statement Report, which comprises … with the Office of Management and Budget Circular No. A-136,  Financial Reporting Requirements,   Treasury …

… by elected officials and loan reconsiderations.  As a result, the OIG reviewed these loans to determine if SBA … to overcome deficiencies.  The decisions involved a $736,300 working capital disaster loan and a $671,900 loan … the funds to relocate, not for working capital.  The other business also appeared to be ineligible for a loan increase …

… Improve Quality and Timeliness of HUBZone Certifications A review of whether the HUBZone program certification process … results of the OIG’s audit to determine whether the Small Business Administration’s (SBA) HUBZone program certification … process has been reengineered from self-certification to a full document review and we found that SBA properly …

… This report presents the results of our audit of the Small Business Administration’s oversight of lender service … all phases of the loan life cycle, including originating, closing, servicing, and liquidating SBA business loans. … requirements.  We determined that SBA had not established a method to track LSP portfolio activities, and therefore …

… of our audit of early-defaulted and early-problem 7(a) loans disbursed pursuant to the American Recovery and … final disbursement. The Recovery Act provided the Small Business Administration (SBA) with $730 million to expand the … the maximum guaranty percentage to 90 percent for most 7(a) loans. Office of Inspector General Effective: September …

… Associate Administrator for Government Contracting and Business Development /s/ Original Signed From: Debra S. Ritt … Native Technologies, LLC (ANT), we determined that SBA' s business development regulations do not clearly implement the Small Business Act's (Act) statutory requirement that firms owned …

… first review of the credit markets served by the U.S.Small Business Administration’s (SBA) lending programs since the … SBA publishes monthly performance reports, they provide a limited view of lending activity and the Recovery Act’s … To measure the impact of the Recovery Act, we established a baseline of 7(a) and 504 loan activity between January 1, …

… Prepared by the Office of Inspector General U. S. Small Business Administration U.S. Small Business Administration Memorandum Office of Inspector … The audit objectives were accomplished through a review of 117 loan files, which were statistically sampled …

… of issues identified as part of our High-Risk 7(a) Loan Review Program review.  Report 16-08 As part of its … a memorandum, Report 16-08, which provides the Small Business Administration (SBA) with early notification of … approved the loan in accordance with SBA’s origination and closing requirements.  Specifically, the lender did not …

… Consolidated Results of the OIG High Risk 7(a) Loan Review Program This report presents the consolidated … year (FY) 2019 identified material lender origination and closing deficiencies that justified denial of the guaranty … memorandums regarding these five loans to the Small Business Administration (SBA) for appropriate corrective …

… SBPAC Reports SBPAC Reports to Congress. Report The Small Business Procurement Advisory Council (SBPAC) was established … to submit an annual report to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate. To see detailed …

… SBA's Corrective Actions to Reduce 8(a) Firms Eligibility Risks This report presents the inspection of SBA's Corrective Actions to Reduce 8(a) Firms Eligibility Risks Report 20-19 This report presents … Office of Inspector General audit reports on the 8(a) Business Development Program. Our most recent audits of SBA’s …

… collectively required to obligate 3 percent of their small business eligible dollars to Historically Under-utilized Business Zone (HUBZone)-certified small businesses, many have …

… Biden Administration PPP Reform Fact Sheets Building on a Month of Strong Results, Biden-Harris Administration Takes … Access to Relief | The White House Version American Small Business Owners | File size: 240KB | Download .pdf for … Spanish Download Remove download button Off … Building on a Month of Strong Results, Biden-Harris Administration Takes …

… SBREA Final Rule On December 5, 2019, SBA issued a final rule changing its method for calculating the average … SBA will calculate the average annual receipts using a 5-year averaging period (rather than the previous 3-year … period).  This change is in accordance with the Small Business Runway Extension Act (SBREA) passed in December …

… The SBA issues a final rule on increases to monetary size standards for inflation The U.S. Small Business Administration (SBA) has finalized, without change, … of the new alternative size standard for the SBA’s 7(a) and 504 loan programs that was established under the Jobs …

… NAICS Sector 44 45, Retail Trade The United States Small Business Administration (SBA) has issued a final rule that Increases employee based size standards for … eligible small businesses will generally benefit from a variety of Federal regulatory and other programs that use …

… other small businesses, the COVID-19 pandemic has caused a major economic disruption for Jennifer and Brian Bircher, … with the help of Jefferson Security Bank the small business was approved for the Paycheck Protection Program to … with Jefferson Security filed the application and within a week we were notified we were approved, and a check was cut …