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Internal Controls: SBA's Controls for Identifying Defaulted Loan Applicants

RCED-88-67 Published: Jan 21, 1988. Publicly Released: Jan 21, 1988.
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Highlights

In response to a congressional request, GAO reviewed the Small Business Administration's (SBA) procedures for identifying loan applicants who have previously defaulted on SBA loans, to determine: (1) the type of controls it uses; (2) whether it needs an automated system; and (3) whether it is exceeding its statutory lending limits.

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Data collectionDelinquent loansGovernment guaranteed loansInformation systemsInternal controlsLoan accounting systemsLoan defaultsSmall business assistanceSmall business loansSmall business