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Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
… To facilitate SBA’s timely review and recovery of these payments, we issued three notices of finding and … reviews of lender underwriting resulted in improper payments. In addition, the National Guaranty Purchase Center … same loan was included in SBA’s FY 2014 review of improper payments, and was not identified as an improper payment. OIG … -
8(a) Graduate of the Year Award
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Export finance programs
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About Targeted EIDL Advance and Supplemental Targeted Advance
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Post-servicing actions
… which the borrower has agreed to the resumption of regular payments as appropriate evidence of resolution. The lender … -
Develop your export plan
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Preventing fraud and identity theft
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Pay taxes
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Assess your business
… of Defense, you must be able to invoice and receive payments electronically. Need help? SBA can help small … -
CDC Servicing and Liquidation Action Matrix
… 12 PCLP CDCs Non-PCLP CDCs Defer ≤ 6 cumulative months payments or 20% of original loan amount Defer > 6 cumulative monthly payments or 20% of original loan amount X Delinquent … -
11-05 - Audit of SBA's FY 2010 Financial Statements Management Letter
… deficiencies, which resulted in improper interest payments when the loan guaranty was purchased: 1. Based on … $(3,698.61 ) Criteria: Improper Payments Information Act of2002 states the following: … and in the case of guaranteed loans, processing claim payments." SOP 50 50 4, Loan Servicing, Chapter 10, … -
How to Open a Business Credit File
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Management Advisory of Fiscal Year 2022 Risk Assessment over SBA’s Charge Card Programs
… any risks of illegal, improper, or erroneous purchases and payments. Our review focused on determining whether SBA … charge card misuse, improper, or erroneous purchases and payments. Our assessment of SBA’s fiscal year (FY) 2022 … low risk of illegal, improper, or erroneous purchases and payments. We found SBA implemented effective internal … -
How to Build Business Credit on a Shoestring Budget
… is with your existing operating expenses. Did you know the payments you already make on a monthly basis for expenses … service providers do not report your company’s monthly payments to the business credit reporting agencies, so you … you can start establishing business credit history for payments you’re already making every month but never get … -
COVID-19 EIDL Program Recipients on the Department of Treasury's Do Not Pay List
… officials of serious concerns about potential improper payments in SBA’s Coronavirus Disease 2019 (COVID-19) … SBA should take immediate action to limit improper payments by strengthening existing controls and implementing … additional internal controls to address improper payments, especially through the use of the DNP portal. To … -
Training for international trade
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Pick your business location
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White Paper: 7(a) Loan Program During SBA’s Response to the COVID-19 Pandemic
… declined after implementation of the CARES Act. The relief payments likely attributed to declining default and … Economic Injury Disaster Loans, and deferred 7(a) loan payments. However, variable interest rates for 7(a) loans … key considerations, stating that they believed the relief payments helped to prevent loan defaults. They acknowledged … -
3 Ways to Get Working Capital for Your Business
… Financing – Do you have unpaid invoices? The fact is late payments and overdue invoices can cause a serious cash flow … because instead of having clients direct their invoice payments to a factor, your clients will continue to direct their payments to your business. This is an important point because …