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… the Auditing Division decided not to perform an audit of SBA’s electronic records management (ERM) program at this … OIG, however, decided not to conduct the audit because SBA’s ERM program is in the early stages of development. This … when conducting the initial survey.  Specifically, (1) the SBA had not developed complete inventories and disposition …

… 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 …

… 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 …

… 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 …

… 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 …

… 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 …

… Loan Necessity Questionnaire (For-profit borrowers) SBA form 3509 OMB Number 3245-0407 Updated 12-31-20 with new … of supplemental information that will be used by SBA loan reviewers to evaluate the good-faith certification … or greater, made on their PPP Borrower Application (SBA Form 2483 or Lender’s equivalent form) that economic …

… or Correction of Paycheck Protection Program (PPP) Loan SBA form A lender in the Paycheck Protection Program (PPP) … (1) reinstatement of a PPP loan that was cancelled in SBA’s ETRAN system due to the lender’s data input error, or (2) correction of the lender’s data input error in the SBA Loan Approval Amount of a PPP loan on ETRAN. SBA will …

… Care Enhancement Act, in addition to guidance published in SBA’s PPP Interim Final Rules and PPP Frequently Asked Questions. We determined SBA did not always have sufficient controls in place to … 3 through August 9, 2020. We recommended in part that SBA: Review identified potential duplicate disbursements for …

… Monitoring System Privacy Impact Assessment Report The SBA Loan/Lender Monitoring System (L/LMS) supports the Office … (OCRM) lender oversight mission. OCRM monitors SBA lender risk profiles to support oversight of the loan … L/LMS is a predictive risk analysis tool enabling SBA to prioritize loans and lender reviews based on the …

… which is a rating scale for information security. We rated SBA’s overall program of information security as “not effective.” We found SBA generally responded to previously identified … incident response. However, the results of our tests show SBA continues to experience security control challenges in …

… other businesses, Eric received pandemic funding from the SBA in the form of a forgivable Paycheck Protection Program … loan but more recently received funding through the SBA’s 504 program. These loan funds went towards purchasing … a new building located in Little Rock. During the SBA 504 loan process, the business had 17 full-time employees …

… of Agreement between the Small Business Administration (SBA) and the Department of Defense (DoD) to increase private … technologies. The SBICCT Initiative is executed by SBA’s Office of Investment and Innovation (OII) and the DoD’s Office of Strategic Capital (OSC), coupling SBA’s expertise and experience executing the established and …

… The purpose of this Notice is to revise SOP 50 56 1 and SBA Form 1081 to update 504 corporate governance resource partner vetting. Although other SBA program offices also use SBA Form 1081, SBA is only updating the resource partner …

… and use of U.S. Small Business Administration (SBA) programs positioned the company well to make the product … Through the years, Dalebout said he has worked with the SBA to help finance his business ventures. “We actually worked with the SBA when we purchased Intermountain T-shirt Company back in …

… Field Operations Performance Evaluation Report The SBA Office of Field Operations (OFO) manages a network of 68 … explored the role of the district offices within the SBA and the broader entrepreneurial ecosystem. The evaluation … found that district office staff are committed to the SBA’s core mission to help small businesses start, grow, and …

… Administration’s Administrator Isabel Casillas Guzman and SBA New Hampshire District Office  joined U.S. Jeanne Shaheen (NH-D) kicking off SBA's ‘Season of Small Business’ in Exeter, New Hampshire.  The ‘Season of Small Business’ is a new, SBA-led campaign designed to drive Americans to shop at small …

… of Inspector General issued this Management Alert to alert SBA about improper payments to lenders for potentially ineligible recipients of loans under SBA’s Paycheck Protection Program in response to the … as well as any fees. OIG communicated summary results to SBA management, who requested Treasury’s results and have …

… PPP loans and promptly repaid loan funds in response to SBA guidance reminding all borrowers of an important … ensure PPP loans are limited to eligible borrowers, the SBA has decided, in consultation with the Department of the … backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the …

… was selected for the 2021 Small Business Administration (SBA) Emerging Leaders Initiative - Birmingham Cohort. The SBA Emerging Leaders Initiative is an intensive … conversations on my business.” Since graduating from SBA Emerging Leaders, TMB has experienced notable …