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… review process that the Small Business Administration (SBA or the Agency) used to estimate its FY 2011 improper … the 30 sampled 7(a) guaranty purchase loans reviewed, the SBA did not detect all improper payments when conducting … have adequate time to conduct reviews. As a result, the SBA reported an improper payment rate of 1.73 percent or …
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Evaluation Report 14-21: Review of the LMAS Incremental Improvement Projects
… OIG identified that the Small Business Administration’s (SBA) project oversight can be improved. The SBA’s information technology (IT) governance boards need to … underperforming projects, when necessary. Finally, the SBA needs to ensure its Enterprise Architecture serves as the … -
Report 11-16 - Banco Popular Did Not Adequately Assess Borrower Repayment Ability When Originating Huntington Learning Center Franchise Loans
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Report 9-08 – Audit of the Liquidation Process at the National Guaranty Purchase Center
… Purchase Center. The Small Business Administration (SBA) guarantees loans that are made by participating lenders. Upon loan default, SBA authorizes participating lenders to continue servicing … to determine if the lender materially complied with SBA’s liquidation requirements. Office of Inspector General … -
Audit Report 9-04: GFRS for Fiscal Year 2008 - Special Purpose Financial Statements
… in all material respects, the financial position of the SBA as of September 30, 2008, and the results of operations, … accounting principles. The IPA stated that while the SBA made progress in several areas in its efforts to address … on the Most Serious Management Challenges Facing the SBA since 2000. These deficiencies related to software … -
Consolidated Results of the OIG High Risk 7(a) Loan Review Program
… these five loans to the Small Business Administration (SBA) for appropriate corrective action. The issues we found … affiliates, equity injection, and repayment ability. SBA agreed with our findings and recommendations on the five … bring the loans into compliance. If that’s not possible, SBA plans to seek recovery from the lenders. Office of … -
Woman-Owned Small Business and Economically Disadvantaged Woman-Owned Small Business-Certification
… Report RIN 3245-AG75 The Small Business Administration (SBA) is seeking input and comments on certification of Women- … Small Business Federal Contract Program (WOSB Program). SBA is planning to amend its regulations to implement Sec. … authority allowing WOSBs and EDWOSBs to self-certify. SBA intends to draft regulations to implement the statutory … -
PPP Loan Necessity Questionnaire (Non-profit borrowers)
… Loan Necessity Questionnaire (Non-profit borrowers) SBA form 3510 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 … -
Enterprise Azure Enclave
… Enterprise Azure Enclave Privacy Impact Assessment Report SBA’s Enterprise Azure Enclave utilizes Microsoft’s Azure … an environment for the management and deployment of SBA’s Platform services and O365 services. Office of the … | Download .pdf for / January 13, 2021 Related programs: SBA Operations Remove download button Off … Privacy Impact … -
Restaurant Revitalization Fund Program Post Award Report
… Restaurant Revitalization Fund Program Post Award Report SBA form 3173 This form is the post-award report that … Revitalization Fund (RRF) recipients must submit to SBA to confirm that funds are used fully and in accordance … The first report is due no later than December 31, 2021. SBA anticipates that the majority of recipients will use all … -
Francine Hines
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Wheeling West Virginia Entrepreneur Utilizes Economic Injury Disaster Loan Advance and Paycheck Protection Program to stay open and pay local vendors
… Games” on the Food Network. Welsch is also no stranger to SBA, he has worked with an SBDC coach since 2014, utilized an SBA microloan through the First Microloan of West Virginia, … Center coach, was able to apply for and receive the SBA Economic Injury Disaster Loan(EIDL) Advance and the … -
Women-Owned Business Brings New Heights to Western New York
… Women-Owned Business Brings New Heights to Western New York SBA Resource Partner SCORE Provides Essential Advice … strategies in marketing.” McGuire sought mentoring from SBA resource partner SCORE Buffalo Niagara because she wanted … -
Instructions for Commitment Requests
… the Total Intended Leverage Commitment amount agreed to by SBA at the time of License approval and finalized within 12 … financial assistance ("Leverage Commitment") by obtaining SBA's conditional commitment to guarantee Debentures must … executed and should be submitted via e-mail to SBICFunding@sba.gov and copying the SBIC’s assigned Investment Portfolio … -
Investment Policy Statement, Small Business Investment Company Critical Technology Initiative
… of Agreement between the Small Business Administration (“SBA”) and the Department of Defense (“DoD”) to increase … The SBICCT Initiative is the first effort under the SBA-DoD partnership which began in 2020, was officially launched by the Secretary of Defense and the SBA Administrator on December 3, 2022, and began accepting … -
Pioneering Architectural Firm Grows into a New Space by Means of an SBA-Backed Loan
… Architectural Firm Grows into a New Space by Means of an SBA-Backed Loan Robert P. Madison opened an office for the … in Cleveland, Ohio on July 17, 1954. A successful SBA 8(a) graduate, his was the first African American owned … financing to make a move. Sandra Madison turned to the SBA for help in securing new space: in 2018 the company … -
OIG eCase Privacy Impact Assessment (PIA)
… the integrity, accountability, and performance of the SBA and its programs for the benefit of taxpayers. The … this mission by conducting audits and evaluations of SBA programs. The eCase is the audit management information … | Download .pdf for / February 7, 2023 Related programs: SBA Operations Remove download button Off … Privacy Impact … -
Tacoma Firm Finds Growth Through Government Contracting
… extensive business management experience to secure an SBA 7(a) loan and become ATC’s new owner and president. ATC … on expanding his federal contracting opportunities through SBA’s 8(a) Business Development Program. The 8(a) Program is … Farrow found he was eligible for certification through SBA’s Historically Underutilized Business Zone (HUBZone) … -
Community Navigator Pilot Program Evaluation
… clients belonging to underserved groups when compared to SBA resource partner programs. Clients reported that CNPP increased their trust in SBA and developed their skills. Hub and Spoke staff tailored … Pilot Program (CNPP) Factsheet / Related programs: SBA Operations Remove download button Off … Program … -
7(a) and 504 loans to Cooperatives and valuation requirements for 7(a) loans to ESOPs for changes of ownership
… notice 5000-858322 The purpose of this notice is to revise SBA procedures to: Allow SBA Lenders to process loans to a cooperative or an eligible … authority. Upon the effective date of this notice, SBA Lenders may use their delegated authority to make loans …