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… to Women's Business Centers . This audit was conducted in response to a request from the Senate Committee on Small … from WBC leaders about difficulties they encountered in applying for grants and receiving funds once the grants … of grants to WBCs, and (2) identify improvements needed to expedite disbursements.  The OIG also conducted a …

… (SBA) during calendar year 2006. We initiated the audit in response to complaints by two former SBA employees that … applications that were identified as missing documents needed for processing, and statistically sampled 96 for … the 96 loan applications, and interviewed loan officers at SBA’s Processing and Disbursement Center (PDC) in Fort …

… for fiscal year 2019. This risk assessment was performed in accordance with the Office of Management and Budget …

… Officers Act of 1990, as amended, and was conducted in accordance with generally accepted government auditing … standards; the Office of Management and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial … control over financial reporting where improvement is needed in SBA’s risk assessment processes; there is a …

… Officers Act of 1990, as amended, and was conducted in accordance with generally accepted government auditing … standards; the Office of Management and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial …

… holding, and utilization of cash contributions and gifts in fiscal year 2019. The Consolidated Appropriations Act of … or accepted include, but are not limited to, gifts in support of cosponsored activities, SBA-sponsored … of cash contributions and gifts. However, improvement is needed in the Agency’s controls over the utilization of gift …

… Officers Act of 1990, as amended, and was conducted in accordance with generally accepted government auditing … standards; the Office of Management and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial …

… Agency Financial Report to determine whether the agency is in compliance with the Improper Payments Information Act of … accuracy and completeness of reporting and performance in reducing and recapturing improper payments. KPMG conducted … with the six IPERA reporting requirements; improvement was needed over the completeness and accuracy of improper payment …

… of SBA’s corrective actions for two recommendations made in previous Office of Inspector General audit reports on the … allowed ineligible firms to be certified and participate in the program. This follow up inspection focuses on two … In addition, in SBA OIG Audit Report 18-22, Improvements Needed in SBA’s Oversight of 8(a) Continuing Eligibility …

… study aims to better understand private equity investment in U.S. rural areas and the extent to which SBA’s Small … might better address small business investment needs in areas outside of urban areas. The environmental scan …

… 3,800 financial institutions for participation in the program. However, SBA’s efforts to hurry capital to businesses were at the expense of controls that could have reduced the … Congress and SBA management from having the information needed to determine if program objectives were fully met. We …

… Administration Increases Lending to Small Businesses in Need, Announces Changes to PPP to Further Promote …

… submit to SBA to confirm that funds are used fully and in accordance with program requirements. Recipients will … RRF recipients have until March 11, 2023, to expend funds in accordance with program requirements and must file a … with program requirements. The first report is due no later than December 31, 2021. SBA anticipates that the …

… and the data submission was of higher quality than in previous years. The agency has made progress since the … submit certain data completely, accurately, or on time. In addition, SBA needs to improve the completeness and …

… assessment provides senior officials with information needed to improve the Agency’s ability to support the …

… contract ceiling to $850 million. This increase was done in a noncompetitive process to quickly administer the … ensuring the contract prices were fair and reasonable in accordance with Federal Acquisition Regulation and agency … when awarding following contracts. As a result, there is no assurance that the rates SBA paid for services under the …

… regarding evidential matter for audits and investigations. In February 2022, OIG found that SBA had been migrating data …

… Measuring the Role of the SBIC Program in Financing Small Businesses Study conducted by the Federal Research Division of the Library of Congress in July 2017 Report SBA released a study conducted by the Federal Research Division of the Library of Congress in July 2017, which measures the role of the SBIC program in …