Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan Program
… whether (1) PCLs exercised prudent underwriting practices when making SBA loans, and (2) compensation paid to … used understated projections of officer salary expenses when calculating borrower repayment ability. Problematic … of the Chief Financial Officer during this audit. If you have any questions concerning this report, please call me …