Hearing on “Oversight of the U.S. Small Business Administration”
… lending days. During that time, SBA was unable to approve loans and was not able to accept new loan applications. … were able to close previously-approved and obligated 504 loans, and perform limited risk management of our loan … made. In two weeks of lending, we have approved over 4,700 loans totaling over $2 billion. We have processed all surety …