For Subscribers

What Gives?

Apparently not the SBA when it came to the Small Disadvantaged Business certification program.

By Julie Monahan

Opinions expressed by Entrepreneur contributors are their own.

A red-faced SBA is making amends after an audit showedquestionable spending of $6 million earmarked for certifyingdisadvantaged businesses. But the embarrassment underscorespersistent doubts that have dogged the certification program sinceits inception.

The audit by the SBA's Office of the Inspector General foundthat $2 million spent on furniture, offices, employees andequipment was never used for the Small Disadvantaged Business (SDB)certification program, which aims to help minority businessescom-pete for federal contracts.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

This OnlyFans Star Was Once Part of a Fanatical MLM Cult. "I Was Forced Into Celibacy."

Cami Strella was lured into a multilevel marketing scheme but escaped to start her own six-figure-a-month business.

Living

Invest in Yourself: 10 Things Every Working Woman Should Do This Year

When striving for success, it is easy to forget about your mental and physical health. But without health, you cannot fully succeed. Follow these ten lifestyle strategies for success in your personal and professional life.