Audit Report 13-07: The Small Business Administration’s Improper Payment Rate for 7(a) Guaranty Purchases Remains Significantly Underestimated
… 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 …