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SBA To Amend Debarment, Suspension Procedures

OIG Audit Finds Excluded Entity Received $2.9M Loan; SAM Updates Were Delayed

Jerry Ashworth

September 22, 2019 at 13:04:03 ET

The Small Business Administration (SBA) plans to amend its standard operating procedures (SOP) by Jan. 31, 2020, to require lending partners to review the System for Award Management (SAM) to determine whether loan program applicants and borrowers have been debarred or suspended, and to document this determination in the loan file, in response to a recent SBA Office of Inspector Gen... Read More

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SBA To Amend Debarment, Suspension Procedures

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