Office of Small Business Lending Fund Program Oversight

The Office of Small Business Lending Fund (SBLF) Oversight was established in December 2010 as mandated by the Small Business Jobs Act. The office provides oversight of two Treasury programs – SBLF, which distributed approximately $4 billion to financial institutions; and a $1.5 billion State Small Business Credit Initiative (SSBCI). By law, the SBLF Oversight Office must report at least twice a year to the Secretary of the Treasury and Congress on the results of its SBLF oversight activities, including recommended program improvements. It is also required to conduct and coordinate audits and investigations of the use of funds made available to states and territories under the SSBCI program.

Organizational Structure

The office, which is headed by a Special Deputy Inspector General who reports to the Inspector General, is staffed with one attorney, 16 auditors/analysts and an office manager. Several external audit organizations are also under contract to augment existing resources as needed.

Link to Organizational Chart

Oversight Plan

To meet its oversight responsibilities, the SBLF Oversight Office has developed an oversight plan to monitor, evaluate, and report on the Treasury Department’s implementation of the two small business lending programs. The plan, which is updated annually, focuses on the effectiveness of the lending initiatives, the use of funds by program participants, and the Department’s oversight activities.

2012 Audit Work Plan for SBLF and SSBCI

Small Business Lending Fund Oversight Reports

OIG-SBLF-12-005 SMALL BUSINESS LENDING FUND: Initial Dividend Rate Calculations Used Incorrect Lending Information

OIG-SBLF-12-004 SMALL BUSINESS LENDING FUND: Soundness of Investment Decisions Regarding Later-Entry, Withdrawn and Reconsidered Institutions in the SBLF Program

OIG-SBLF-12-003 SMALL BUSINESS LENDING FUND: California Needs to Improve Its Oversight of Programs Participating in the State Small Business Credit Initiative

OIG-SBLF-12-002 SMALL BUSINESS LENDING FUND: Soundness of Investment Decisions Regarding Early-Entry Institutions into the SBLF Program

OIG-SBLF-12-001 SMALL BUSINESS LENDING FUND: Treasury Should Consider Supervisory Concerns Regarding participant Management and Historical Retained Earnings When Estimating the Cost of the SBLF Program