2.3: Oversight and Risk Mitigation

Mitigate risk to taxpayers and improve oversight across SBA programs.

Other Information:

Performance Indicators: * Credit Risk. - Onsite/Offsite monitoring and reviews of lenders. - Conduct regular programmatic reviews of the 7(a), 504, and Microloan programs. * Contracting Risk. - Timely and effective processing of HUBZone and 8(a) applications. - Number of HUBZone site visits and percentage of 8(a) reviews completed. * Entrepreneurial Development Risk. Conduct regular programmatic and financial reviews of all resource partners and evaluate risk ratings for lead SBDCs. * Investment Program Risk. Wind down the Participating Securities program while minimizing loss and maximizing the recovery of leverage for the taxpayer. * Disaster Program Risk. Conduct regular programmatic reviews. Strategies: Leverage new technologies to proactively oversee and manage SBA’s credit programs and credit risk management system. This more robust, real-time risk management program will include additional, new processes for risk mitigation. These program improvements will be implemented within the planning period.

Indicator(s):

Indicator:1

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