Eric M. Thorson Inspector General U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate November 13, 2007
… that should have alerted it to potential problems with the lender’s loan origination practices. It should be noted that, … on its on-site reviews of BLX, its evaluations of the lender’s performance, and feedback received from its field … renew BLX’s delegated PLP lending authority and honor the lender’s guaranty purchase requests without taking any …