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Office of Capital Access
… Office of Capital Access The Office of Capital Access helps make capital available to small businesses through banks and … 80% - 90% of losses if the contractor defaults on a contract. Office of Financial Program Operations Office of … of these programs and enable SBA executive management to make more informed decisions on program policy. Director: … -
Register your business
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PPP loan forgiveness
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Small Disadvantaged Business
… contracting with SDBs. You may register your business as a SDB if you meet the following criteria: The firm must be … requirements for any of the following programs: The 8(a) Business Development program . This program provides … for success in the private industry. Eligibility for the 8(a) program has extra requirements. The HUBZone program . … -
Independent Auditors’ Report on SBA’s Fiscal Year 2022 Compliance with the Payment Integrity Information Act of 2019
… Report on SBA’s Fiscal Year 2022 Compliance with the Payment Integrity Information Act of 2019 This independent … certified public accounting firm KPMG LLP to conduct a performance audit of SBA’s Fiscal Year (FY) 2022 compliance … Grant, and the payments for covered loans in the 7(a) and 504 Certified Development Company loan guaranty … -
Information quality guidelines
… mechanism to allow affected persons to seek and obtain a correction of information maintained and disseminated … the information. Information maintenance SBA will make every effort, within SBA’s available resources, to … subject to the Paperwork Reduction Act (PRA), SBA will make every effort to ensure that the information collection … -
Independent Auditors’ Report on SBA’s Fiscal Year 2023 Compliance with the Payment Integrity Information Act of 2019
… Report on SBA’s Fiscal Year 2023 Compliance with the Payment Integrity Information Act of 2019 This independent … certified public accounting firm KPMG LLP to conduct a performance audit of SBA’s fiscal year (FY) 2023 compliance … Operators Grant, and payments for covered loans in the 7(a) and 504 loan guaranty programs under the Debt Relief … -
Open a business bank account
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Audit of the Office of Disaster Assistance Improper Payment Appeal Process
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AI for small business
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Testimony of Debra S. Ritt, Assistant Inspector General for Auditing, U.S. Small Business Administration, Before the Committee on Small Business and Entrepreneurship United States Senate September 20, 2007
… provide an important source of funding for the centers, a steady stream of grant funding is needed to keep them in … of SBA grant disbursements. I will address the extent of payment delays, their causes, and possible solutions; as well … request had been disbursed. Consequently, WBCs had to make repeated phone calls to different officials and were … -
Audit of the Accuracy of the FY 2015 Disaster Loan Program Improper Payments Rate
… not detect all improper payments when conducting improper payment reviews to estimate its FY 2015 rate for the Disaster … disbursed during the year. We determined the improper payment rate to be at least 9.89 percent, or $29.9 million. Our audit of a statistical sample of 31 loans identified 10 improper … -
Governing rules and responsibilities
… are authorized to have their own supplement to the FAR. As a government contractor, you also must comply with labor … in price and delivery schedule. The contracting office may make some unilateral changes, while other changes may be … contract is terminated for default, you’re entitled to payment for any goods or services you’ve already provided. If … -
Get help with your PPP loan
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Evaluation Report 15-11: SBA’s FY 2014 Compliance with the Improper Payments Elimination and Recovery Act
… to (1) assess progress SBA made in remediating improper payment-related recommendations; and (2) determine whether … (OMB) Memorandum M-15-02, Appendix C to Circular No. A-123 , Requirements for Effective Estimation and Remediation … Report (AFR). Overall, we found that SBA continued to make progress in its efforts to prevent and reduce improper … -
Accuracy of the FY 2015 7(a) Loan Guaranty Purchase Improper Payment Rate
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Rural Initiative pilot program
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SBA’s FY2017 Progress in Reducing Improper Payments
… (OMB) Memorandum M-15-02, Appendix C to Circular No. A-123, Requirements for Effective Estimation and Remediation … and (2) to assess SBA’s progress in remediating improper payment-related recommendations. To achieve our objectives, … coverage, or properly determining eligible loan amounts as a result of insurance or other payments received by the … -
Independent Auditors’ Report on SBA’s Fiscal Year 2021 Compliance with the Payment Integrity Information Act of 2019
… Report on SBA’s Fiscal Year 2021 Compliance with the Payment Integrity Information Act of 2019 This report … 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 …