Peggy E. Gustafson, Inspector General, U.S. Small Business Administration, Before the Small Business Committee, United States House of Representatives, April 21, 2010
… to SBA to promote efficiency and reduce waste. A number of these reports focused on the early identification … 68 percent of the sampled loans, totaling nearly $8.9 million, due to (1) poor loan underwriting and (2) … lenders. The OIG also remains concerned about fraud in the 8(a) and HUBZone Programs and other contract preference …