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SBA - 21-07 - 5

Closed · 2021-01-14

From report

Report
Inspection of SBA's Implementation of the Paycheck Protection Program
OIG report number
21-07
Recommendation number
5

Recommendation text

For future rounds of PPP lending, update the PPP borrower application to include a field for the North American Industry Classification System code of the business and the business description to enable SBA to prevent potentially ineligible loan approvals.