The Small Business Administration’s Implementation of Recommended Controls and the Economic Aid Act
Review · Small Business Administration OIG · 2021-08-12 · about Small Business Administration
Report
Title
The Small Business Administration’s Implementation of Recommended Controls and the Economic Aid Act
Submitting OIG
Small Business Administration OIG
Component agency
Small Business Administration
Type
Review
Publication date
2021-08-12
Summary
SBA implemented or initiated action on all the OIG recommendations to strengthen internal controls related to the Paycheck Protection Program (PPP). The Economic Aid Act continued assistance under the PPP for small businesses financially affected by the ongoing coronavirus pandemic. We found SBA implemented the PPP in accordance with the Economic Aid Act with two exceptions.
Recommendations (1)
#
Status
Text
1
Closed
Assess affiliation for faith-based organizations to ensure only eligible faith-based organizations received the applicable PPP loans.