Peggy E. (Peg) Gustafson was sworn in as the Inspector General of the U.S. Small Business Administration on October 2, 2009. Ms. Gustafson previously served as General Counsel to Senator Claire...
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Report 3-17 - Complaint by Applicant for SBIC License
Issue Date: March 20, 2003
To: Jeffrey Pierson, Associate Administrator for Investment Division
From: Robert G. Seabrooks, Assistant Inspector General for Auditing
Subject: Complaint by [ * ]
The purpose of this advisory report is to bring your attetion five issues identified during our review of the Investment Division's evaluation of [ * ] (applicant) application for Small Business Investment Company (SBIC) license. On Monday, June 17, 2002 a representative from [ * ] contacted our office concerning the denial of its application for an SBIC license. The representative stated he believed the evaluation of the application was overly subjective and did not provide sufficient opportunity for them to present its case for obtaining an SBIC license. Additionally, he stated that they had not recieved a formal denial letter outlining the deficiencies of its application.
To view the complete report, please see the attached document.