Audit Report 15-16: SBA Needs to Improve its Oversight of Loan Agents
… of two, and presents the results of our audit of the Small Business Administration’s oversight of loan agents. Report … agents were involved in approximately 15 percent of all 7(a) loans and resulted in increased risk of default. In 2000, … day. Since December 1, 2010, SBA recorded over 51,000 7(a) loan agent compensation disclosures, representing a …