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Audit Report 14-03: Opportunities Exist to Further Improve Quality and Timeliness of HUBZone Certifications
… results of the OIG’s audit to determine whether the Small Business Administration’s (SBA) HUBZone program certification … firms that obtained certification distorted the small business HUBZone goaling numbers by at least $1.3 million and … directed to the Office of Government Contracting and Business Development to improve the HUBZone certification … -
ROM 11-03 - America’s Recovery Capital Loans Were Not Originated And Closed In Accordance With SBA’s Policies and Procedures
… 2009 (Recovery Act). The Recovery Act provided the Small Business Administration (SBA) with $730 million to expand the … -
ROM 10-19 - Material Deficiencies Identified in Early-Defaulted and Early-Problem Recovery Act Loans
… final disbursement. The Recovery Act provided the Small Business Administration (SBA) with $730 million to expand the … -
Report 10-07 - Audit of SBA Regulations Relating to Unconditional Ownership Requirements for Indian Tribes, 1/25/10
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ROM 10-02 – Review of the Recovery Act’s Impact on SBA Lending
… first review of the credit markets served by the U.S.Small Business Administration’s (SBA) lending programs since the … the Recovery Act, SBA received $730 million to aid small business owners and stimulate small business lending. The Office of Management and Budget’s (OMB) … -
Report 8-19 – Early-Defaulted Gulf Coast Disaster Loans
… Prepared by the Office of Inspector General U. S. Small Business Administration U.S. Small Business Administration Memorandum Office of Inspector … defaulted Gulf Coast disaster loans processed by the Small Business Administration (SBA). The objectives of the audit … -
Independent Auditors’ Report on SBA’s Compliance with DATA Act Reporting
… accuracy, timeliness, and quality of the U.S. Small Business Administration’s (SBA’s) fiscal year (FY) 2019, … Audit Executive Council (FAEC) Inspectors General Guide to Compliance Under the DATA Act (the Guide). KPMG reported the following: The data submission was … -
SBPAC Reports
… 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
… Office of Inspector General audit reports on the 8(a) Business Development Program. Our most recent audits of SBA’s 8(a) Business Development program have identified internal control … processes. In SBA OIG Audit Report 16-13, SBA’s 8(a) Business Development Program Eligibility we reported that SBA … -
Evaluation of Factors for Reaching the HUBZone Contracting Goal
… 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
… Access to Relief | The White House Version American Small Business Owners | File size: 240KB | Download .pdf for American Small Business Owners / Version AAPI Communities Summary | File … -
SBREA Final Rule
… period). This change is in accordance with the Small Business Runway Extension Act (SBREA) passed in December … 2018. This change does not currently apply to the SBA Business Loan and Disaster Loan Programs -- SBA intends to … -
The SBA issues a final rule on increases to monetary size standards for inflation
… to monetary size standards for inflation The U.S. Small Business Administration (SBA) has finalized, without change, … interim final rule that adjusted monetary small business size standards for inflation. Specifically, the rule … size standards review, as mandated by the Small Business Jobs Act of 2010 (Jobs Act). Increased by the same … -
The SBA increases employee based size standards for industries in NAICS Sector 42, Wholesale Trade, and NAICS Sector 44 45, Retail Trade
… NAICS Sector 44 45, Retail Trade The United States Small Business Administration (SBA) has issued a final rule that … size standards review as required by the Small Business Jobs Act of 2010. Nearly 4,000 more firms in … -
Because of the Paycheck Protection Program The Black Dog Coffee Company looks at their coffee cup as half full
… with the help of Jefferson Security Bank the small business was approved for the Paycheck Protection Program to … ordering and payment. “Because of PPP and pivoting our business model we were able to stay open and pay our … -
Speller's Hardware Benefits from Lincoln Savings Bank PPP Loan
… ago. As the only hardware store in the city’s north end business corridor, the store quickly established itself as a … economic downturn. Thanks to the funding the family-owned business remains open and is now a key supplier of hand … in Waterloo and positions it for further growth as the business community recovers. … Speller's Hardware Benefits … -
Integrative Counseling Services Benefits from Veridian PPP Loan
… clients in central Iowa. The COVID pandemic forced the business to adjust its operations from face-to-face … Garland credits the SBA and Veridian for standing by the business and its employees during this difficult time for small business. … Integrative Counseling Services Benefits from … -
Dicin Electric – Lighting up Connecticut
… lighting up Connecticut since 1973! Cindy Hersom, a small business contractor, based in Waterford became the sole owner of Dicin Electric in 2015 a business started by her parents Janice and Rudy, a mid- century ago. Over the past seven years, the business has doubled its annual sales and increased its … -
7(a) and 504 loans to Cooperatives and valuation requirements for 7(a) loans to ESOPs for changes of ownership
… to process loans to a cooperative or an eligible small business owned or controlled by a cooperative under delegated … Loans only - Remove the requirement for an independent business valuation for 7(a) loans involving ESOPs for the …