ROM 10-12 - Notice of Finding and Recommendation on Material Origination and Closing Deficiencies Identified in SBA and Lender-Approved Recovery Act Loans
… by key employees. SBA stated that the SOP in place at the time the referenced loan was made did not require Form … identified in anNFR. We recognize that the SOP in place at the time the referenced loans was made did not require … of 20% or more of the ownership stock, if a corporation, limited liability corporation, or a development company. …