Evaluation Report 15-09, The OIG High Risk 7(a) Loan Review Program Recommends $1.8 Million in Recoveries
… to February 2015. OIG’s review of seven early-defaulted loans identified material lender origination and closing … that justified denial of the guaranty for three loans totaling $1.8 million. To facilitate SBA’s timely … of the identified material deficiencies. Two of the three loans with material deficiencies financed change of ownership …