Evaluation Report 16-22: The OIG High Risk 7(a) Loan Review Program Recommends $3.2 Million in Recoveries
… of our work to date. OIG’s review of eight early-defaulted loans identified material lender origination and closing … that justified denial of the guaranty for three loans totaling $3.2 million. To facilitate SBA’s timely … We also identified suspicious activity on two purchased loans totaling $1.4 million, resulting in formal referrals to …