Small Business Administration Paycheck Protection Program Phase III Fraud Controls
Inspection / Evaluation · Pandemic Response Accountability Committee · 2022-01-21 · about Small Business Administration
Report
Title
Small Business Administration Paycheck Protection Program Phase III Fraud Controls
Submitting OIG
Pandemic Response Accountability Committee
Component agency
Small Business Administration
Type
Inspection / Evaluation
Publication date
2022-01-21
Summary
The PRAC examined whether the Small Business Administration (SBA) Phase III fraud controls, which were applied to process Paycheck Protection Program (PPP) loans in 2021, would have likely detected the earlier fraud found in PPP criminal cases. SBA designed the PPP Phase III controls to address significant fraud identified in the earlier phases of the program and some were later used by the SBA in its Restaurant Revitalization Fund (RRF) program.