# SBA’s Collection Efforts on Delinquent COVID-19 EIDLs
> **Audit** by Small Business Administration OIG · 2025-08-12
> *About: Small Business Administration*
## Report
- **Title:** SBA’s Collection Efforts on Delinquent COVID-19 EIDLs
- **Submitting OIG:** Small Business Administration OIG
- **Component agency:** Small Business Administration
- **Type:** Audit
- **Publication date:** 2025-08-12

## Summary

The Office of Inspector General is issuing this audit report to determine the U.S. Small Business Administration’s (SBA) efforts to collect on delinquent Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) with collateral and personal guarantors. We found that SBA did not perfect its security interest on borrower deposit accounts, conduct post-default site visits, report all delinquent obligors to credit bureaus, or refer debts to the U.S. Department of Justice for litigation.


## Recommendations

- **Rec 1** (Open): Conduct a study to establish minimum loan thresholds for performing site visits, implement policies and procedures based the results of that study, and perform site visits to help facilitate appropriate liquidation of collateral on defaulted COVID-19…
- **Rec 2** (Open): Verify all delinquent COVID-19 EIDL obligors are reported to credit bureaus in a timely manner.
- **Rec 3** (Open): Confer with the DOJ to establish a reasonable standard for referral of delinquent COVID-19 EIDLs to the DOJ for litigation.
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/audit/sbas-collection-efforts-delinquent-covid-19-eidls)
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