SBA Loan Monitoring System

Substantial Progress Yet Key Risks and Challenges Remain Gao ID: AIMD-00-124 April 25, 2000

GAO recently testified before Congress on the Small Business Administration's (SBA) progress in carrying out planning actions for its loan monitoring system. (See GAO/T-AIMD-00-113, Feb. 2000.) GAO indicated that SBA has made substantial progress in completing the eight planning actions mandated by law but still has to complete work on some actions and implement key functions to effectively manage the development of the loan monitoring system. This report contains a list of recommendations to help SBA complete the eight planning actions and strengthen its information technology management practices.

GAO noted that: (1) SBA had made substantial progress in completing the eight planning actions mandated by the Small Business Reauthorization Act of 1997 but still had to complete work for some actions and implement key functions to effectively manage the development of the loan monitoring system; and (2) this report transmits GAO's recommendations to assist SBA in completing work for the eight planning actions and in strengthening its information technology management practices.

Recommendations

Our recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.

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