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Special Inspector General for Pandemic Recovery

Independent Review of 4003(b) Loan Recipient’s Validation Memo – Caribbean Sun Airlines, Inc.

Independent Review of 4003(b) Loan Recipient’s Validation Memo – Caribbean Sun Airlines, Inc.
Small Business Administration OIG

SBA's Guaranty Purchases for Paycheck Protection Program Loans

The Office of Inspector General (OIG) is issuing this management advisory to express concerns regarding the U.S. Small Business Administration’s (SBA) decision to end collections on purchased Paycheck Protection Program (PPP) loans with an outstanding balance of $100,000 or less. In anticipation of a significant number of delinquent PPP loans that lenders will submit for guaranty purchase, we began reviewing SBA’s process for approving PPP guaranty purchases. During our review, we identified concerns with SBA’s decision to end collections on these loans and found that expedited management...
Special Inspector General for Pandemic Recovery

Independent Review of 4003(b) Loan Recipient’s Validation Memo – SpinLaunch Inc.

Independent Review of 4003(b) Loan Recipient’s Validation Memo – SpinLaunch Inc.
Special Inspector General for Pandemic Recovery

Independent Review of 4003(b) Loan Recipient’s Validation Memo – Republic Airways, Inc.

Independent Review of 4003(b) Loan Recipient’s Validation Memo – Republic Airways, Inc.