EDA Faces Challenges in Effectively Monitoring Its Revolving Loan Funds

Description

An audit with findings and recommendations for improvements of management of EDA's Revolving Loan Fund program. This program is designed to provide grants to state and local governments, political subdivisions, and nonprofit organizations to operate lending programs to businesses that cannon get traditional bank financing.

Resources

Name Format Description Link
47 An assessment of EDA's current oversight of Revolving Loan Fund (RLF) projects in three of the six regional offices. Findings showed that EDA was unable to adequately monitor a large portfolio of longstanding RLFs. https://www.oig.doc.gov/Pages/EDA-Faces-Challenges-in-Effectively-Monitoring-Its-Revolving-Loan-Funds.aspx

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  • economic-development-administration-audit
  • oig-audit-eda
  • audit-eda

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