Statement of Hon. Eric M. Thorson, Inspector General, U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate July 25, 2007
… reach. Of the 4,500 borrowers eventually contacted, about 1,200 requested that their loans be reinstated. In a sample … had approved close to 70,000 expedited loans, totaling $3.7 billion, specifically related to the 2005 Gulf Coast … results, we estimate that over 21,000 loans, totaling $1.5 billion, were awarded to high-risk applicants who may not …