Statement of Hon. Eric M. Thorson, Inspector General, U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate July 25, 2007
… does not appear to be a fair or prudent course of action. In fact, as we near the 2 year anniversary of these … own procedure, which stated that: “Before we initiate an action to cancel all or any funds, we must mail a letter … of the pending cancellation. The letter must specify the action the borrower can take to prevent the cancellation.” We …