Posts Tagged ‘SBA Inspector General’
Coleman C-Suite Small Business Lending Report — Three Triggers for an SBA Inspector General Loan Review
‘We believe that preventing improper payments in the 7(a) guaranty purchase review process continues to be a challenge for the Agency,’ writes SBA’s Inspector General in a just released report. The OIG concludes $1.8 million in SBA guarantees previously paid to lenders on three loans now be denied and refunded to the federal government. ‘Improper…
Read MoreSBA Inspector General Denys Three More ARAA Loan Guaranties
March 19, 2014 By Bob Coleman Editor, Coleman Report SBA’s Inspector General has issued a second audit of early defaulted ARAA SBA 7(a) loans. Nine loans were reviewed, and three loan guaranties were deemed to have been improperly purchased from lenders by SBA. We’ll examine each of the three loans in separate Coleman Reports. Today’s…
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