ROM 10-04 - Review of Controls Over Job Creation and Retention Statistics Reported by SBA under the American Recovery and Reinvestment Act of 2009
… of reported job creation and retention statistics for loans approved in June 2009, which raised questions about … showed that lenders approved 3,841 Recovery Act 7(a) loans in June 2009 valued at $957 million and 182 American … sustain businesses and retain jobs by providing loans of up to $35,000 to businesses experiencing financial hardship. …