Automated Controls Should Ensure Compliance with Criteria
Other · Small Business Administration OIG · 2025-06-04 · about Small Business Administration
Report
Title
Automated Controls Should Ensure Compliance with Criteria
Submitting OIG
Small Business Administration OIG
Component agency
Small Business Administration
Type
Other
Publication date
2025-06-04
Summary
The Office of Inspector General is issuing this management advisory to present the results of our review of the U.S. Small Business Administration’s (SBA) incomplete reviews of Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) and grants disbursed to borrowers who self-disclosed their business establishment dates after January 31, 2020.
Recommendations (2)
#
Status
Text
1
Open
Review the 17,568 COVID-19 EIDLs and Emergency EIDL Advances identified with business establishment dates after January 31, 2020, to determine eligibility and to seek recovery of funds from ineligible recipients.
2
Open
Assess the automated controls within the agency’s new lending platform, the Unified Lending Platform (ULP), to ensure they align with clearly defined disaster assistance criteria.