Economic Injuries Disaster Bank loan Program: Supplemental Actions Desired to Increase Conversation with Applicants and Tackle Fraud Dangers
What GAO Discovered
Financial Harm Catastrophe Bank loan (EIDL) candidates and recipients diverse in conditions of organization measurement, decades in operation, and industry, primarily based on GAO’s investigation of Compact Enterprise Administration (SBA) details from March 2020 via February 2021:
- Enterprise dimensions. A majority of EIDL applicants (about 81 p.c)