SBA’s Actions to Address Forgiven PPP Loans Subsequently Flagged as Potentially Ineligible
Other · Small Business Administration OIG · 2025-04-23 · about Small Business Administration
Report
Title
SBA’s Actions to Address Forgiven PPP Loans Subsequently Flagged as Potentially Ineligible
Submitting OIG
Small Business Administration OIG
Component agency
Small Business Administration
Type
Other
Publication date
2025-04-23
Summary
This report presents the results of our management advisory bringing the Small Business Administration’s (SBA) attention to concerns regarding forgiven Paycheck Protection Program (PPP) loans subsequently flagged as potentially ineligible using hold code 70 (potential clawback) for which the agency has not completed its review to facilitate recovery of improper payments for ineligible loans. A hold code is an identifier placed on a loan in the agency’s system indicating a potential issue needs to be resolved.