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Audit Report 16-06: Small Business Development Center Hosted by Middle Tennessee State University
… provide a dollar-for-dollar match. SBA awarded about $1.9 million to the Tennessee SBDC (Lead Center) hosted by … State University for calendar year 2013. We audited the $1.9 million grant to determine whether the Lead Center … classified, supported, and charged to the grant. Of the $1.9 million that SBA awarded to the Lead Center, the approved … -
Audit of RISE Act Eligibility Controls
… disaster loan application filing period for an additional 1-year period, and required the Office of Inspector General … 5 of the 26 RISE Act disaster loans reviewed, totaling $1,714,110, contained ineligible disbursements due to wrongful … -
Audit of SBA's Oversight of the SCORE Association
… SCORE has been an SBA resource partner for more than 50 years and provides free of charge business and technical … Our audit reviewed SCORE’s fiscal year (FY) 2017 award of $10.5 million and the first quarter of FY 2018’s award of … -
Audit of SBA's Controls over 7(a) Loans Sold on The Secondary Market
… Audit of SBA's Controls over 7(a) Loans Sold on The Secondary Market This report presents … lenders to sell the guaranteed portions of their SBA 7(a) loans to private investors at a premium to provide … for small businesses. The fiscal transfer agent for 7(a) loans that is contracted by SBA facilitates the sale … -
Audit of SBA's Microloan Program
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Audit of SBA's FY 2007 Financial Statements - Management Letter
… controls and other operational matters that included: (1) the guaranteed purchase process, (2) the guaranty loan … -
Audit of SBA’s Suspension and Debarment Process
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Audit of SBA’s Desktop Loss Verification Process
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Audit of SBA’s Oversight of High-Risk Lenders
… for the oversight of SBA lenders and its $120 billion 7(a) and 504 loan portfolio. OCRM’s mission is to maximize … deficiencies will continue to participate in SBA’s 7(a) and 504 loan programs, which could jeopardize the … in FYs 2015–2017. These lenders originated and disbursed $1 billion in loans in which $112.5 million was transferred to … -
Audit of the SBA's Community Advantage Pilot Program
… of loss. The CA pilot began in February 2011, under the 7(a) loan program, to expand access to capital in underserved … Income (LMI) communities, businesses where more than 50 percent of the full-time workforce is low-income or … SBA purchased these defaulted loans for about $2.1 million. We question about $51.5 million, which include the … -
Audit of SBA’s Cooperative Agreement With Arsenal Business and Technology Partnership’s Veterans Business Outreach Center
… Center. Our objectives were to determine whether SBA (1) awarded Arsenal’s 2016 and 2018 cooperative agreements in … achieved its intended impact. Lastly, we questioned $10,168 of unallowable costs as a result of Arsenal reporting … -
Audit of SBA's Compliance with the Debt Collection Improvement Act, as Amended
… In our sample of 20 loans, eight (40 percent) totaling $1.2 million, were incorrectly classified as exempt. We also … $49.6 million from fiscal years 2011-19. We recommended 10 actions for SBA to strengthen its controls and improve … -
Audit of SBA’s Oversight of Women’s Business Centers’ Compliance with Cooperative Agreement Financial Requirements
… program officials did not detect that WBCs in our sample: (1) failed to take corrective action to remedy accounting … costs, matching funds, and program income earned. We made 10 recommendations to improve SBA’s oversight and management … cooperative agreements. SBA management concurred with all 10 recommendations, and its planned actions resolve the … -
Audit of State Trade Expansion Program
… State Trade Expansion Program (STEP) with the objectives (1) to determine the extent to which STEP recipients measured … -
Austin Company Finds Success in the Global Marketplace with Help from SBA and the Department of Commerce
… Optimal was one of 11 companies in the Texas Pavilion, 10 of which utilized STEP funding to support their … -
Authorization to Disburse Proceeds
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Authorization, Grant, and Release of Materials
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Authorization (SBA Express/Export Express Loan)
… Authorization (SBA Express/Export Express Loan) Version 10/19/04 | File size: 22KB | Download .docx for 10/19/04 / Related programs: 7(a) Activity Authorization Support SBA Express Loan … -
Ava Dejoie Cates Selected as Regional Administrator for SBA Region 6