← oversight.gov

SBA - 23-16 - 3

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
3

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 ensure SBA does not end active collections pursuant to the April 27, 2022 decision on any COVID-19 EIDL of $100,000 or less made to borrowers who received multiple COVID-19 EIDLs that, when combined, exceed $100,000.