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https://www.sba.gov/person/jovita-carranza… Administrator of the U.S. Small Business Administration (SBA). As a member of President Trump’s Cabinet, she … in the event of a declared disaster. Prior to leading the SBA, Administrator Carranza served as Treasurer of the United … She previously served as the Deputy Administrator for the SBA under former President George W. Bush, where she received …
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Jihoon Kim
https://www.sba.gov/person/jihoon-kim… of the Office of Financial Program Operations jihoon.kim@sba.gov Jihoon Kim serves as the Director of the Office of … Operations (OFPO). Jihoon is responsible for overseeing SBA’s national lending operations, including 504 and 7(a) … in Fresno, Little Rock, and Herndon, Virginia; and SBA disaster loan servicing and resolution in Birmingham, El … -
Happy SBDC Day!
https://www.sba.gov/blog/happy-sbdc-day… business journey. U.S. Small Business Administration The SBA works to ignite change and spark action so small … SBDC Day, we recognize the hard work and dedication of the SBA’s Small Business Development Centers (SBDCs) for their … Day unites the nearly 1,000 SBDCs across the country with SBA’s 68 District Offices to continue to provide business … -
Statement of Peggy E. Gustafson, Inspector General, U.S. Small Business Administration, Before the Committee on Appropriations Subcommittee on Financial Services and General Government, U.S. House of Representatives on April 10, 2013
https://www.sba.gov/article/2013/apr/10/statement-peggy-e-gustafson-inspector-general-us-small-business-administration-committee… of Representatives on April 10, 2013 On April 10, 2013, SBA Inspector General Peggy E. Gustafson testified before the … hearing was to discuss the OIG’s oversight activities of SBA programs and operations. Release Date April 10, 2013 PDF Version /sites/default/files/2019-08/SBA%20OIG%20SFR%20-%20H%20Approps%2004-10-2013.pdf Article … -
Model Early Stage SBIC Limited Partnership Agreement
https://www.sba.gov/document/support--model-early-stage-sbic-limited-partnership-agreement… debenture leverage only. The Model has been prepared by SBA to assist applicants for Early Stage SBIC licenses. The … to adapt the Model to their own individual situation. SBA has developed the Model as part of its effort to make the … who use the Model in the manner described in this Note, SBA expects that the Model will reduce the time required for … -
Premier Certified Lenders Program (PCLP) Guarantee Request
https://www.sba.gov/document/sba-form-2234-part-premier-certified-lenders-program-pclp-guarantee-request… as part of the application package for a Section 504 Loan. SBA form 2234 (Part A) OMB Number 3245-0346 SBA FORM 2234 (Part A) Premier Certified Lenders Program … SOP 50 10 Lender and Development Company Loan Programs SBA form 2234 (Part B) Supplemental Information for Premier … -
Premier Certified Lenders Program Security Agreement
https://www.sba.gov/document/sba-form-2229-premier-certified-lenders-program-security-agreement… all PCLP CDCs when establishing a Loan Loss Reserve Fund. SBA form 2229 PCLP CDC must coordinate with its Lead SBA Field Office to execute and deliver an original copy of SBA Form 2229. Version 4/03 | File size: 1012KB | Download … -
IT Policy Archive
https://www.sba.gov/document/policy-guidance-it-policy-archive… Management (PBM) Policy SOP 90-82 — Procedure for Managing SBA IT Investments – Investment Review Board (IRB) SBA Policy Notice 9000-2139 — SBA Open Source Software Policy SBA Policy Notice 9000-812052 … -
Weaknesses Identified During the FY 2018 Federal Information Security Modernization Act Review
https://www.sba.gov/document/report-19-09-weaknesses-identified-during-fy-2018-federal-information-security-modernization-act-review… General (OIG) reviews the Small Business Administration’s (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 … -
Audit Report 15-13: Hurricane Sandy Expedited Loan Processes
https://www.sba.gov/document/report-15-13-audit-report-15-13-hurricane-sandy-expedited-loan-processes… of Hurricane Sandy, the Small Business Administration (SBA or Agency) implemented two expedited loan processes: the … while mitigating the risks of loan default, and to ensure SBA complied with the processes. The Office of Inspector … on how to address complex loan situations. This led to SBA loan officers needing to deviate from SAPP procedures in … -
Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
https://www.sba.gov/document/report-15-09-evaluation-report-15-09-oig-high-risk-7a-loan-review-program-recommends-18-million-recoveries… for three loans totaling $1.8 million. To facilitate SBA’s timely review and recovery of these payments, we issued … all three loans. In a previous audit, we determined that SBA’s limited reviews of lender underwriting resulted in … with the loan. Further, this same loan was included in SBA’s FY 2014 review of improper payments, and was not … -
Audit Report 13-16R: Purchase Reviews Allowed $4.6 Million in Improper Payments on 7(a) Recovery Act Loans
https://www.sba.gov/document/report-13-16r-audit-report-13-16r-purchase-reviews-allowed-46-million-improper-payments-7a-recovery-act-loans… loans were not originated and closed in accordance with SBA rules and regulations including Standard Operating … identified in the six loans were not detected during SBA’s purchase reviews, they resulted in inappropriate or … approximately $4.6 million. The OIG recommended that the SBA seek recovery from the six lenders associated with these … -
Audit Report 13-03: Benefits of Mentor Protégé Joint Ventures are Unknown: Robust Oversight is Needed to Assure Success and Avoid Abuse
https://www.sba.gov/document/report-13-03-audit-report-13-03-benefits-mentor-protege-joint-ventures-are-unknown-robust-oversight-needed-assure… benefits to the 8(a) participant, and (2) assess the SBA’s oversight of Mentor Protégé Joint Venture Arrangements. The OIG found that the SBA lacked performance measurements for joint venture … that have joint venture agreements. As a result, the SBA did not have the information necessary to determine … -
Report 12-15: Weaknesses Identified During FY 2011 FISMA Review
https://www.sba.gov/document/report-12-15-report-12-15-weaknesses-identified-during-fy-2011-fisma-review… audit procedures relating to FISMA. The IPA interviewed SBA personnel, inspected documentation, and tested the effectiveness of SBA’s Information Technology (IT) security controls. The OIG monitored the IPA’s work and reported the SBA’s compliance with FISMA with the Agency FISMA filings on … -
Audit Report 12-20R: Addressing Performance Problems of High-Risk Lenders Remains a Challenge for the Small Business Administration
https://www.sba.gov/document/report-12-20r-audit-report-12-20r-addressing-performance-problems-high-risk-lenders-remains-challenge-small… of 2009. The audit objective was to determine whether the SBA took actions to mitigate material lender risks identified … of 57 lenders, with 33 reports. The OIG found that the SBA did not always take actions to address lender risks and … The OIG issued two findings, specifically: (1) the SBA did not recognize and take action to address significant … -
Audit 11-13 Independent Review of the SBAs Accounting of FY 2010 Drug Control Funds and Performance Summary Report 4/18/11
https://www.sba.gov/document/report-11-13-audit-11-13-independent-review-sbas-accounting-fy-2010-drug-control-funds-performance-summary-report… of our review of the Small Business Administration's (SBA) Accounting of Drug Control Funds and Performanc e … circular would constitute an unreasonable burden. As the SBA's Fiscal Year (FY) 2010 drug-related obligations were … circular would constitute an unreasonable burden for the SBA. Also, nothing came to our attention that caused us to … -
Audit Report 09-23: Survey of Electronic Records Management
https://www.sba.gov/document/report-9-23-audit-report-09-23-survey-electronic-records-management… 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 … -
Report 9-16 – The Small Business Administration’s Fiscal Year 2008 Improper Payment Rate for the 7(A) Guaranty Loan Program
https://www.sba.gov/document/report-9-16-report-9-16-small-business-administrations-fiscal-year-2008-improper-payment-rate-7a-guaranty-loan… 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 … -
Report 8-07 – Review of the Adequacy of Supporting Documentation for Disbursements
https://www.sba.gov/document/report-8-07-report-8-07-review-adequacy-supporting-documentation-disbursements… 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 … -
Weaknesses Identified During the FY 2019 Federal Information Security Modernization Act Review
https://www.sba.gov/document/report-20-10-weaknesses-identified-during-fy-2019-federal-information-security-modernization-act-review… 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 …