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… month, the SBA announced that economic injury disaster loans were available for the Flint community. An SBA disaster … nonprofit organizations to apply for low-interest SBA loans to help meet working capital needs caused by the …
… its launch, the SBA processed more than 14 years’ worth of loans in less than 14 days, which will protect a vast number … than $1 billion in assets, and approximately 60% of the loans were approved by banks with $10 billion of assets or … dollar amount of the program. “The vast majority of these loans—74% of them—were for under $150,000, demonstrating the …
… to estimate its FY 2011 improper payment rate on purchased loans to determine the accuracy of the Agency’s estimate. … found that for 6 of the 30 sampled 7(a) guaranty purchase loans reviewed, the SBA did not detect all improper payments …