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SBA - 23-16 - 1

Open · 2023-09-29

From report

Report
Ending Active Collections on Delinquent COVID-19 Economic Injury Disaster Loans
OIG report number
23-16
Recommendation number
1

Recommendation text

To address concerns in the COVID-19 EIDL program, we recommend the Administrator direct the Associate Administrator for the Office of Capital Access to perform a comprehensive cost-benefit analysis, consistent with federal regulations, to include periodic comparisons of costs incurred and amounts collected on the portfolio of COVID-19 EIDLs of $100,000 or less to assess whether collection costs exceed recovery amounts.