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… the SBA’s Growth Accelerator Fund Competition program as a federal government-sponsored means of spurring innovation and small business growth. The analysis included in this report is based on a literature review of scholarly research on the growing …
… & Evidence Registry (PEER) report Report The Small Business Investment Company (SBIC) program is required to … for regulatory and financial compliance. This study is a process evaluation that aims to understand how the SBIC …
… Evaluation of the CARES Act Debt Relief to 7(a) Borrowers This is a report of OIG's findings pertaining to its evaluation of the CARES Act Debt Relief to 7(a) Borrowers Report 21-03 This report presents the results of …
… in Response to Hurricanes Harvey, Irma, and Maria This is a report of OIG's consolidated findings of Initial Disaster … survivors, SBA was able to staff disaster recovery and business recovery centers within 13 days in Puerto Rico and … response was not without difficulty. We found there was a 24 percent backlog of loan applications. SBA also did not …
… General Management Advisory SBA’s Use of Vendors Without a Contract This is a management advisory of vendors with use without a contract. … significant matter we identified during our audit of Small Business Administration’s (SBA’s) management of foreclosed …
… in place to detect and prevent duplicate PPP loans. As a result, lenders made more than one PPP loan disbursement to … same tax identification number and borrowers with the same business name and address. These disbursements totaled about …
… Evaluation of SBA’s Eligibility Verification of 8(a) Firms Owned by Members of Federally or State- Recognized … for verifying socially disadvantaged eligibility of 8(a) firms. Report 21-12 OIG evaluated the effectiveness of … for individually owned firms, including that the business be at least 51 percent owned, controlled, and …
… (OIG) is issuing this Evaluation report to notify Small Business Administration (SBA) officials of significant … Administrator for the Office of Capital Access to: Develop a process to maintain and track all identity theft complaints. Develop a process to provide status updates to each complainant …
… presents the results of the required audit of the Small Business Administration's (SBA's) compliance with the Payment … certified public accounting firm KPMG LLP to conduct a performance audit, as required by the Act. The objectives …
… an annual independent audit and report on the U.S. Small Business Administration’s (SBA’s) consolidated financial … obtain sufficient, appropriate audit evidence to provide a basis for an audit opinion on SBA’s consolidated financial … year ended September 30, 2021. Accordingly, KPMG issued a disclaimer of opinion on the consolidated financial …
… 22-06 We produced this Management Advisory to notify Small Business Administration (SBA) officials of serious concerns … obtained COVID-19 EIDLs and emergency EIDL grants. A portion of these applications have been identified as potential fraud risks in previous OIG reports. A significant percentage of COVID-19 EIDLs and emergency EIDL …
… (OIG) conducted this evaluation to assess the U.S. Small Business Administration’s (SBA) processes for reviewing … ineligible. Outstanding loan forgiveness applications are a potential indicator of fraud. Borrowers who fraudulently obtained a PPP loan are unlikely to apply for loan forgiveness. We …
… Act of 2019 requires an annual audit of the Small Business Administration’s (SBA) improper payment reporting. … demonstrate improvement to payment integrity or develop a plan to meet the improper payment and unknown payment … target, and the Disaster Direct Loan Program reported a gross improper payments and unknown payments rate exceeding …
… Grant Program. Report 22-15 We inspected the U.S. Small Business Administration’s (SBA) award and payment practices … protect grant funds from fraud or misuse, SBA switched to a riskier single advance payment for all grantees. This … We selected 10 awards, totaling $33.2 million, to use as a sample to test SBA’s disbursement and budget approval …