# SBA’s Handling of Returned COVID-19 Economic Injury Disaster Loan Funds and De-obligations of Approved Loans
> **Review** by Small Business Administration OIG · 2024-04-24
> *About: Small Business Administration*
## Report
- **Title:** SBA’s Handling of Returned COVID-19 Economic Injury Disaster Loan Funds and De-obligations of Approved Loans
- **Submitting OIG:** Small Business Administration OIG
- **Component agency:** Small Business Administration
- **Type:** Review
- **Publication date:** 2024-04-24

## Summary

The Office of Inspector General (OIG) is issuing this management advisory to present the results of our review of the U.S. Small Business Administration’s (SBA) processing of Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) funds that were returned to the agency by borrowers, banks, or other sources.We found significant delays in the decision process related to returned COVID-19 EIDL funds. The majority of these COVID-19 EIDLs were eventually made available to small business owners, including the original borrowers.


## Recommendations

- **Rec 1** (Open): Create processing timeframes for returned funds for current and future disaster programs.
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/sbas-handling-returned-covid-19-economic-injury-disaster-loan-funds-and-de-obligations)
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