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… this memorandum addresses the SBA's non-compliance with the Debt Collection Improvement Act of 1996 (DCIA).  The … audit objective was to assess whether the NDLRC complied with the DCIA for disaster loans in liquidation status.  This … which states, “an agency must refer any eligible debt more than 180 days delinquent to Treasury Financial …

… for 16 lenders selected from a universe of 57 lenders, with 33 reports.  The OIG found that the SBA did not always … its exposure to losses from a combined portfolio worth more than $4.5 billion.  The OIG issued two findings, …

… SBA had ratified four unauthorized commitments associated with an expired postage meters contract without determining … this deficiency is, but wanted to provide SBA management with an early notification of this issue so the Agency can … in the FAR. The audit team recommended that the SBA, more specifically the Chief Financial Officer: (1) continue …

… sample of 25 Recovery Act loans, approved for $500,000 or more, that were purchased as of September 30, 2010. The audit … and close the five 7(a) Recovery Act loans in accordance with the SBA’s rules and regulations, and commercially … involving affiliated businesses and Recovery Act loans with reduced guaranty  Office of Inspector General Effective: …

… in net position for the period then ended in conformity with generally accepted accounting principles.  The IPA’s … in paper and on CD-ROM.  If would like a copy of one or more, contact the Office of Inspector General.  Office of …

… totaling $1.1 billion in disbursements for which one or more disbursements occurred over a year after loan approval. … the audit from October 2007 to January 2008 in accordance with Government Auditing Standards prescribed by the …

… Report 8-08 – UPS Capital Business Credit’s Compliance with Selected 7(A) Lending Requirements This report presents the results of our audit of UPSC's compliance with selected Small Business Administration (SBA) lending … is provided in Appendix II. The sampled loans comprise more than one-third of the $30.8 million SBA paid for the 103 …

… schemes related to SBA economic stimulus programs.  For more information see the Office of Inspector General's page …

… SBA loans, which can be forgiven if used in accordance with the Act. SBA launched the program on April 3, 2020, and just 14 days later, by April 16, PPP lenders approved more than 1,661,000 loans totaling nearly $342.3 billion. On … for implementing the PPP and SBA’s FAQs mostly aligned with the Act. We identified the following areas, however, …

… amendments will make it easier for participants to comply with the program requirements and enable them to maximize the … expanded, or repealed to make the HUBZone Program more effective and/or less burdensome on small business …

… Business Act by replacing fixed dollar amount thresholds with reference to the micro-purchase and simplified … by United States Citizens in the HUBZone program to more accurately align with the underlying statutory authority. Finally, SBA is …

… immediate attention and action. OIG had been inundated with contacts to investigative field offices and the complaint Hotline. OIG received complaints of more than 5,000 instances of suspected fraud from financial … Additionally, we have found indications of deficiencies with internal controls related to disaster assistance for the …

… participation in federal contracts. Although SBA has spent more than $30 million on the development of Certify and it … reporting. While SBA management agreed or partially agreed with all recommendations, its planned actions resolved three recommendations. We will work with SBA management to resolve the remaining six …

… resources for furloughed SBA employees Support For more information, see SBA employee information for shutdown …

… of any datasets found that may be of use for a more comprehensive study. File size: 1942KB | Download .pdf …

… to provide debt relief to 7(a) borrowers in accordance with CARES Act Section 1112 and internal policies and procedures. We found that SBA effectively ensured that more than 224,000 borrowers of 7(a) loans received $2.6 … borrowers receive subsidy payments. We identified issues with lender reported information that increased the risk of …

… complaints of fraud received by the OIG, we collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) … for forgiveness or any further disbursements. To establish more effective oversight controls related to the PPP, we … PPP loans that have not been fully disbursed and follow-up with the lenders to stop $280 million in potential improper …

… a Contract This is a management advisory of vendors with use without a contract. Report 21-08 OIG is issuing this … SBA had paid these vendors an estimated combined total of more than $10.8 million in unauthorized commitments. We … report when preparing the final report. Management agreed with recommendations 1 and 2 and disagreed with …