# 7(a) Loan Approval for Borrowers with Unresolved COVID-19 Pandemic Loan Compliance Issues
> **Inspection / Evaluation** by Small Business Administration OIG · 2024-05-21
> *About: Small Business Administration*
## Report
- **Title:** 7(a) Loan Approval for Borrowers with Unresolved COVID-19 Pandemic Loan Compliance Issues
- **Submitting OIG:** Small Business Administration OIG
- **Component agency:** Small Business Administration
- **Type:** Inspection / Evaluation
- **Publication date:** 2024-05-21

## Summary

The Office of Inspector General (OIG) is issuing this Inspection Report to assess the Small Business Administration’s (SBA) process for approving 7(a) loans for borrowers with unresolved pandemic loan compliance issues.From October 1, 2019 through May 8, 2023, SBA approved and disbursed 172,598 7(a) loans, totaling $83.4 billion. The 7(a) lenders who have delegated approval authority approved 92 percent of these loans and SBA approved the remaining 8 percent.


## Recommendations

- **Rec 1** (Open): Review and appropriately resolve hold codes related to the 5,044 7(a) loans to determine impact on 7(a) eligibility and seek remedy or repayment of all 7(a) loans deemed ineligible.
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/7a-loan-approval-borrowers-unresolved-covid-19-pandemic-loan-compliance-issues)
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