ROM 11-06– Material Deficiencies Identified in Five 7(a) Recovery Act Loans Resulted in $2.7 Million of Questioned Costs
… in Five 7(a) Recovery Act Loans Resulted in $2.7 Million of Questioned Costs This was the second in a series of … of $2.7 million and warrant immediate attention by the SBA. These loans are part of a judgmental sample of 25 … September 30, 2010. The audit found that lenders and the SBA did not originate and close the five 7(a) Recovery Act …