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… in Five 7(a) Recovery Act Loans Resulted in $2.7 Million of Questioned Costs This was the second in a series of … of $2.7 million and warrant immediate attention by the SBA. These loans are part of a judgmental sample of 25 … September 30, 2010. The audit found that lenders and the SBA did not originate and close the five 7(a) Recovery Act …
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Report 9-07 - System Access by Contractors without Security Clearances
… Report 9-07 This report supplements our evaluation of the Federal Information SecurityManagement Act (FISMA) … of Inspector General (OIG) is required to annually assess SBA’s compliance with FISMA in accordance with specific … the course of our FY 2008 FISMA review, we determined that SBA did not consistently ensure that contractors were … -
Office of Inspector General High Risk 7(a) Loan Review Program
… Office of Inspector General High Risk 7(a) Loan Review Program This … in accordance with the Small Business Administration’s (SBA’s) rules, regulations, policies, and procedures and (2) … they originated and closed the loans in accordance with SBA’s requirements. Specifically, the lenders did not provide … -
Guidance on Participation Sales for PPP Loans
… the Paycheck Protection Program (“PPP”) regarding the sale of participating interests in PPP loans. Procedural notice … with 13 CFR § 120.432(b). For purposes of PPP loans only, SBA’s prior written consent is not required and Lenders may … in PPP loans must be sold to Lenders that have a signed SBA Form 750, SBA Form 3506, or SBA Form 3507. The … -
Office of Inspector General High Risk 7(a) Loan Review Program
… Office of Inspector General High Risk 7(a) Loan Review Program This … in accordance with the Small Business Administration’s (SBA’s) rules, regulations, policies, and procedures and (2) … to support that it closed the loan in accordance with SBA’s requirements. Specifically, the lender did not provide … -
Serious Concerns Regarding the Return of Paycheck Protection Program Funds
… Serious Concerns Regarding the Return of Paycheck Protection Program Funds This management advisory … and action by the U.S. Small Business Administration (SBA) to ensure it has processes and procedures in place to … on how to return PPP funds and implementing a process for SBA to accurately handle and track the returned funds should … -
Updates to SOP 50 10 7.1 and SOP 50 45 3 Related to the Criminal Justice Final Rule
… Final Rule Procedural notice 5000-857477 The purpose of this Notice is to inform all SBA employees, SBA Lenders, SBA Sureties, and SBA Microlenders of the … -
Financial Literacy Resources for America’s Small Businesses
… Literacy Month is a perfect time to brush up on the basics of keeping business finances in order. U.S. Small Business Administration The SBA works to ignite change and spark action so small … literacy. Small Business Development Centers (SBDC). SBA partners with nearly 1,000 SBDCs across the country to … -
Resource Partners
… Find an SBDC in your area SCORE Business Mentors SBA partners with SCORE to connect you with a business … Outreach Center in your area Women's Business Centers SBA partners with WBCs around the country to provide … -
Contracting program administration
… programs The U.S. Small Business Administration (SBA) sets goals for agencies to award contracts to small … can help their agencies meet these goals by using SBA’s contracting assistance programs. These programs help … businesses to determine eligibility for certain types of contracts, perform market research, and handle size and … -
Report 8-10 – Annual Credit Reviews for Gulf Coast Hurricane Disaster Loan Disbursements
… Loan Disbursements This report summarizes the results of our audit of annual credit reviews for Gulf Coast … loans processed by the Small Business Administration (SBA). The audit objective was to determine the adequacy of SBA’s monitoring efforts to ensure that the financial status … -
Hazelwood Café Serves Up Connections One Cup at a Time
… Hazelwood Café Serves Up Connections One Cup at a Time SBA Microloan Helps Young Entrepreneur Realize His Bean Dream Dasawn Gray has only poured himself one cup of coffee since the 2021 opening the Hazelwood Café, a local … Gray relied on the U.S. Small Business Administration (SBA) to help turn a shuttered venue into a neighborhood gem. … -
Celebrating National Veterans Small Business Week
… at home as small business owners. Linda McMahon Former SBA Administrator Linda McMahon served as the 25th Administrator of the U.S. Small Business Administration (SBA) from 2017 to 2019. Read more about Linda McMahon With … -
National Small Business Week cosponsors hosting training webinars May 2-5
… training webinars May 2-5 WASHINGTON, D.C. – As part of National Small Business Week, May 1-7, the U.S. Small … m/wcc/r/1166543/54C462B4702553604AEC651D5F7B6A25?partnerref=sba Monday, May 2, 3 p.m. ET / Noon PT The Decline of … m/wcc/r/1166555/BC3DA14B3572C0BB9EF0A8813FA76CB3?partnerref=sba Tuesday, May 3, 3 p.m. ET / Noon PT Cloud, Mobile, and … -
Million-Dollar Mentors Make Mark with Regional Award
… serve all industry sectors and companies in every stage of the business life cycle, and that’s what makes this job so … than 45 centers as the U.S. Small Business Administration (SBA) Western Pennsylvania, Pennsylvania and Mid-Atlantic … “On behalf of our entire team, I just want to let the SBA know how much we appreciate this recognition. I also … -
PPP Loan and Emerging Leaders Helps Retool a Business
… Situation Bailey Safety, Inc. offers a full complement of training and education services for companies requiring … until February 2020, when COVID-19 hit. Solution: How the SBA Helped After COVID-19 forced Nancy to suspend her business model, she applied for an SBA Paycheck Protection Program (PPP) loan with Stock Yards … -
USMCA is More Business for Small Business
… Agreement (NAFTA). U.S. Small Business Administration The SBA works to ignite change and spark action so small … top priority for me as the new Associate Administrator for SBA’s Office of International Trade (OIT). SBA OIT has a team of talented … -
U.S. Small Business Administration Awards New Regional Grants to Spur Innovation and Support High-Quality Jobs
… WASHINGTON – Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small … jobs,” said Administrator Guzman. “I am proud to expand SBA’s Regional Innovation Clusters as they deliver … -
White House Hosts Small Business Owners During American Dream Week
… at the White House on Tuesday. “America is on the verge of a golden age for small business,” Trump said. “We are … coming back into our country,” Trump said. This week the SBA begins its 65th year as the federal agency that advocates … international trade assistance. “When people think of the SBA, they automatically think loans. But SBA is much more … -
Fiscal Year 2021 Federal Information Security Modernization Act Review
… Act Review This report summarizes the results of our fiscal year (FY) 2021 Federal Information Security … of every agency to be evaluated each year. In FY 2021, SBA faced new information security challenges under the … — Ad Hoc 3. Configuration Management—Defined 4. Identity and Access Management — Consistently Implemented …