Deep Dive into SBA Fraud Prevention Initiatives (AI) Pt. 1

Deep Dive into SBA Fraud Prevention Initiatives (AI) Pt. 1

SUMMARY:   AI and data analytics have become indispensable in SBA’s fraud prevention toolkit. They allow SBA to scrutinize 100% of applications (something not feasible manually) and do so in milliseconds, effectively stopping many fraudulent loans in their tracks...
Balancing Fraud Prevention and Effective Loan Processing Pt. 2

Balancing Fraud Prevention and Effective Loan Processing Pt. 2

SUMMARY:  SBA’s fraud prevention and efficiency efforts are not ad hoc – they are guided by a lattice of laws and policies. Emergency statutes can tilt the balance toward speed (as seen in 2020), whereas oversight laws like PIIA and the directives of OIG/GAO push for...
SBA Administration’s Day One Priorities

SBA Administration’s Day One Priorities

SUMMARY:  On Day One, SBA Administrator Kelly Loeffler announced her priorities to rebuild the agency into an efficient engine of free enterprise supporting American small businesses. This includes supporting President Trump’s “America First” agenda, eliminating...