SBA’s Restaurant Revitalization Fund Program Award Practices (Report 24-09)

Case summary

This page is not a court case. It carries one document: SBA Office of Inspector General audit Report 24-09, SBA's Restaurant Revitalization Fund Program Award Practices, dated March 26, 2024 and sent by Inspector General Hannibal 'Mike' Ware to Administrator Isabella Casillas Guzman. It states that SBA received 278,300 RRF applications requesting $72.2 billion, approved approximately 101,000 and disbursed all $28.6 billion authorized. The audit finds that SBA awarded $552 million to applicants with a history of likely fraud in PPP data, $6.0 billion without verifying historical data and $377 million to self-described inns or breweries without eligibility review, and that nearly $6.7 billion went to applicants without sufficient verification of eligibility. It makes five recommendations, with which SBA agreed or partially agreed. The dollar figures are the auditors' findings on verification, not findings of fraud.