Audit Report 14 -20: Controls Governing Economic Injury Disaster Loan Approval Need Improvement
… Two Economic Injury Disaster Loans Defaulted after the SBA Made Approval Decisions totaling $1.4 Million without … our findings on the Small Business Administration’s (SBA) processing and approval of loans in the EIDL Program. Our audit objective was to determine whether the SBA had sufficient controls to ensure working capital loans …