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SBA Demands Financial Records from 8(a) Program to Combat Fraud
Summary by Small Business Trends
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SBA Demands Financial Records from 8(a) Program to Combat Fraud
The U.S. Small Business Administration (SBA) recently took a decisive step to bolster the integrity of its 8(a) Business Development Program by requiring its 4,300 participating contractors to submit a range of financial records from the past three fiscal years. This effort, announced by SBA Administrator Kelly Loeffler, aims to protect taxpayer dollars and address increasing concerns about fraud and abuse within the program, which serves social…
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