ROM 10-04 - Review of Controls Over Job Creation and Retention Statistics Reported by SBA under the American Recovery and Reinvestment Act of 2009
… from the Office of Capital Access, reviewed the 7(a) loan application to determine how job data is captured for 7(a) … transmit the statistics to SBA. For example, the 7(a) loan application requires borrowers to report “the number of employees at loan application” (jobs retained) and “the number of employees if …