ROM 10-12 - Notice of Finding and Recommendation on Material Origination and Closing Deficiencies Identified in SBA and Lender-Approved Recovery Act Loans
… material deficiencies in Recovery Act loans and with the loan approval process. The first Notice of Finding and … existing cash does not qualify as equity injection and no deposits were made into the business account from the … and convictions. SBA, however, revised this procedure and no longer requires completion of this form by key employees. …