Evaluation of SBA’s Disaster Assistance Loan Recommendation Services

Inspection / Evaluation · Small Business Administration OIG · 2022-04-14 · about Small Business Administration

Summary

The Office of Inspector General (OIG) evaluated the U.S. Small Business Administration’s (SBA) procedures to award a contract for data analysis and loan recommendation services for Economic Injury Disaster Loan (EIDL) applications and Targeted EIDL Advance applications related to the Coronavirus Disease 2019 (COVID-19) pandemic.To increase loan processing capabilities and quickly disburse loans during the pandemic, SBA used an existing contract awarded to RER Solutions and its subcontractor Rocket Loans set aside for small businesses.

Recommendations (6)

#	Status	Text
1	Closed	Implement procedures to ensure contracting officers use effective proposal analysis techniques to determine prices are fair and reasonable in accordance with FAR 15.404
2	Closed	Implement procedures to require contracting officers to assess compliance with size requirements when small businesses propose using subcontractors to perform significant work requirements.
3	Closed	Request a formal size determination in accordance with FAR 19.302 to evaluatewhether the loan processing contractor exceeded the size standard and remedy any violation in accordance with 15 U.S.C. 645(d).
4	Closed	Implement procedures to assess prospective firms’ ability to comply withsubcontracting limitations prior to contract award.
5	Closed	Implement procedures to monitor post-award compliance with subcontracting limitations.
6	Closed	Before exercising options or awarding additional task orders against the contract, assess alternative contracting actions, such as pursuing another contract using competitive procedures to ensure fair and reasonable prices. SBA should then document…

Status

Text

Closed

Implement procedures to ensure contracting officers use effective proposal analysis techniques to determine prices are fair and reasonable in accordance with FAR 15.404

Closed

Implement procedures to require contracting officers to assess compliance with size requirements when small businesses propose using subcontractors to perform significant work requirements.

Closed

Request a formal size determination in accordance with FAR 19.302 to evaluatewhether the loan processing contractor exceeded the size standard and remedy any violation in accordance with 15 U.S.C. 645(d).

Closed

Implement procedures to assess prospective firms’ ability to comply withsubcontracting limitations prior to contract award.

Closed

Implement procedures to monitor post-award compliance with subcontracting limitations.

Closed

Before exercising options or awarding additional task orders against the contract, assess alternative contracting actions, such as pursuing another contract using competitive procedures to ensure fair and reasonable prices. SBA should then document…

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Summary

Recommendations (6)

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