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Audit Report 13-09: Management Letter - SBA's FY 2012 Financial Statement Audit
… of policies and procedures for the microloan program; (5) loan file documentation not retained in loan files; (6) untimely processing of Microloan transactions … pilot program disbursements; (7) untimely site visits for loan defaults; (8) untimely processing of charge-off loans; … -
Audit Report 15-06: Improvement is Needed in SBA’s Oversight of Lender Service Providers
… oversight of lender service providers (LSPs) as loan agents. LSPs are deeply involved in all phases of the loan life cycle, including originating, closing, servicing, … potential risks associated with LSP involvement in SBA loan programs. In addition, SBA did not adequately … -
Inspection of Small Business Administration's Initial Disaster Assistance Response to the Coronavirus Pandemic
… differed from the original bank accounts listed on the loan applications; $62.7 billion ($58.0 billion disbursed) in … -
Evaluating Technical Assistance and Economic Opportunity Outcomes of the Community Advantage Pilot Program
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2023 Arkansas Veteran-Owned Small Business of the Year
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2023 Kentucky Small Business Week Winners
… South 8th Street. Flavorman has used the SBA 7(a) and 504 loan programs, as well as other SBA loans, to finance the … -
SBA Announces Closure of Business Recovery Centers in Florida
… can assist SBA applicants complete their disaster loan application, accept documents for existing applications, and provide status on loan applications. The Centers will operate as indicated … secure website at sba.gov/disaster . To obtain disaster loan information and application forms call the SBA’s … -
MONDAY: SBA Administrator Guzman to Visit Las Vegas to meet with Local Leaders and Small Businesses
… Food, a local family business that benefitted from a PPP loan that helped sustain their operations during the height … the SBA, Andrea was able to utilize two PPP loans, an EIDL loan, and skills learned through SBA’s Emerging Leaders … -
Serious Concerns of Potential Fraud in EIDL Program Pertaining to the Response to COVID-19
… widespread potential fraud in the Economic Injury Disaster Loan and Advance grant programs that require immediate … from financial institutions receiving economic injury loan deposits. Nearly 3,800 of those reported instances of … from the inception of the Economic Injury Disaster Loan and Advance Program in March until May 19, OIG received … -
SBA Business Recovery Center in Vermont Closes for Holiday
… Center will assist applicants complete their disaster loan application, accept documents for existing applications, … apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants are intended … not paid by insurance or other sources. The SBA disaster loan program is designed for your long-term recovery, to make … -
SBA Deadline is Sept. 5 for Maine Private NonProfit Organizations Affected by Physical Damage from Spring Severe Storms and Flooding
… (PNP) in Maine of the Sept. 5 deadline to submit disaster loan applications for physical damages that occurred from the … 30 years. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at … and should apply under SBA declaration # 17992 . Disaster loan information and application forms may also be obtained … -
SBA Announces Thanksgiving Day Holiday Closure of Business Recovery Centers
… will assist business owners complete their disaster loan application, accept documents for existing applications, and provide status on loan applications. The Centers will operate as indicated … and should apply under SBA declaration # 18118. Disaster loan information and application forms can also be obtained … -
National Small Business Week Hosts Second Annual Virtual Conference
… takeaways will include: Familiarity with the SBA’s loan programs 7(a), 504 and Microloans How to apply for an SBA loan Lender Match – matching borrowers to SBA lenders … flows Understand your funding options Evaluate business loan offers Register here: … -
Audit of SBA’s Suspension and Debarment Process
… verify the eligibility of entities to participate in SBA’s loan programs prior to approving SBA-guaranteed loans valued … entities from participating in SBA’s contracting and loan programs. SBA management agreed with two of the six … -
SBA Recognizes Export Lenders BB&T, First American Bank and World Trade Finance Inc.
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SBA Announces Holiday Hours for Business Recovery Center in Maine; Center will close permanently on Jan. 12
… to answer questions, help apply for an SBA Disaster Loan, upload documents, check an application’s status, and assist with reconsideration requests for the loan. The declaration covers Androscoggin County and the … secure website at sba.gov/disaster . To obtain disaster loan information call the SBA’s Customer Service Center at … -
Prepare Now, Be Ready Later: National Preparedness Month Tips for Small Business Owners
… a disaster declaration. Apply for a low-interest disaster loan online at sba.gov/disaster . Disaster Managing a … -
Small Banks Gaining PPP Advantage Today
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Let the SBA Help You Better Understand Your Finances
… to reduce their risk, increasing the likelihood your loan will be approved with the terms that work best for you. …