Reports
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Special Inspector General for Pandemic Recovery
Special Inspector General for Pandemic Recovery | Quarterly Report to Congress
Special Inspector General for Pandemic Recovery
Independent Review of 4003(b) Loan Recipient’s Validation Memo – JetBlue Airways Corporation
Small Business Administration OIG
Evaluation of SBA’s Disaster Assistance Loan Recommendation Services
The Office of Inspector General (OIG) evaluated the U.S. Small Business Administration’s (SBA) procedures to award a contract for data analysis and loan recommendation services for Economic Injury Disaster Loan (EIDL) applications and Targeted EIDL Advance applications related to the Coronavirus Disease 2019 (COVID-19) pandemic. To increase loan processing capabilities and quickly disburse loans during the pandemic, SBA used an existing contract awarded to RER Solutions and its subcontractor Rocket Loans set aside for small businesses. SBA initially set a contract ceiling of $100 million and...
Special Inspector General for Pandemic Recovery
Independent Review of 4003(b) Loan Recipient’s Validation Memo – Alaska Airlines, Inc.
Special Inspector General for Pandemic Recovery
Independent Review of 4003(b) Loan Recipient’s Validation Memo – American Airlines, Inc.
Special Inspector General for Pandemic Recovery
Independent Review of 4003(b) Loan Recipient’s Validation Memo – Frontier Airlines, Inc.
Small Business Administration OIG
SBA’s Paycheck Protection Program Loan Review Processes
The Office of Inspector General (OIG) conducted this evaluation to assess the U.S. Small Business Administration’s (SBA) processes for reviewing Paycheck Protection Program (PPP) loans for eligibility and forgiveness. SBA’s online loan forgiveness platform used by lenders to submit forgiveness requests is adequate to support SBA’s loan review process. However, we found that for some loans, totaling $66.4 billion, SBA did not meet the 90-day statutory requirement to remit forgiveness payments to lenders. SBA did not meet the 90-day requirement for 98.2 percent of loans over $2 million. Not...
Special Inspector General for Pandemic Recovery