Reports

Promptly identify PPP loans that have not been fully disbursed and follow-up with the lenders to stop $280 million in potential improper loan disbursements.

Strengthen SBA controls to ensure that loans to ineligible recipients are not forgiven.

Review prepayment and pre-award procedures and work with Treasury to formulate a technical approach to use Treasury’s DNP portal to determine loan applicant eligibility and prevent improper payments before the release of any federal funds.