Audit Report 14-09: Purchase Reviews Allowed $3.1 Million in Improper Payments on 7(a) Recovery Act Loans
… Loans. This report is the second in a series resulting from the OIG’s audit of purchased 7(a) Recovery Act loans and … OIG recommended that the SBA seek recovery of $3.1 million from the three lenders associated with these loans on the … paid by the SBA for the loans (less any amounts received from liquidation). The SBA agreed with the OIG’s …