Serious Concerns Regarding the Return of Paycheck Protection Program Funds
Disaster Recovery Report · Small Business Administration OIG · 2023-05-31 · about Small Business Administration
Report
Title
Serious Concerns Regarding the Return of Paycheck Protection Program Funds
Submitting OIG
Small Business Administration OIG
Component agency
Small Business Administration
Type
Disaster Recovery Report
Publication date
2023-05-31
Summary
The Office of Inspector General (OIG) is issuing this management advisory to bring to your attention concerns regarding the return of Paycheck Protection Program (PPP) funds. This issue requires immediate attention and action by the U.S. Small Business Administration (SBA) to ensure it has processes and procedures in place to adequately accept, process, and account for PPP funds returned by borrowers, lenders, and financial institutions.