Audit Report 14-13: Significant Opportunities Exist to Improve the Management of the 7(a) Loan Guaranty Approval Process
… loan decisions Furthermore, based on a sample of 13 loans approved for $13 million, the OIG identified that 11 loans—approved for $11.3 million—had material underwriting … In addition, based on limited reviews of 57 other loans, the OIG found evidence indicating that 8 of these …