Priority Open Recommendations: Small Business Administration

Anderson Hacken

What GAO Found

In June 2021, GAO discovered 15 priority suggestions for the Compact Business enterprise Administration (SBA). Due to the fact then, SBA executed a few of those people suggestions, which include by producing and employing an oversight plan for Paycheck Defense Method financial loans and by taking steps to make improvements to lender compliance with a 7(a) software necessity.

In February 2022, GAO determined 3 more precedence suggestions for SBA, bringing the total range to 15. These recommendations contain the pursuing places:

  • Improving upon oversight and interaction for COVID-19 pandemic reaction.
  • Enhancing catastrophe restoration initiatives.
  • Strengthening export promotion operations.

SBA’s continued consideration to these problems could guide to sizeable improvements in authorities operations.

Why GAO Did This Study

Priority open tips are the GAO suggestions that warrant precedence interest from heads of key departments or companies because their implementation could help save significant amounts of cash boost congressional or govt department determination-creating on key issues reduce mismanagement, fraud, and abuse or guarantee that programs comply with legal guidelines and cash are legally invested, among other advantages. Given that 2015, GAO has despatched letters to chosen companies to highlight the importance of applying these types of suggestions.

For a lot more details, get in touch with Dan Garcia-Diaz at (202) 512-8678 or [email protected]

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