Eric M. Thorson, Inspector General, U.S.Small Business Administration Before the Subcommittee on Government Management, Finance, Accountability of the Commitee on Government Reform, United States House of Representatives, May 10, 2006
… 4 percent, with generous repayment terms, which can last up to 30 years. By law, SBA is authorized to make two types … permits have been obtained and a contractor has been lined up to do the work. Disbursements are then generally made … together, moreover, it may not be to their benefit to start drawing on the loans until they are in a position to …