Skip Navigation
Advanced Search

U.S. Government Accountability Office (GAO)

  • Reports & Testimonies
  • Bid Protests &
    Appropriations Law
  • Key Issues
  • About GAO
  • Careers
  • Multimedia
  • Resources
    • Presidential and Congressional Transition
    • For Congress
    • For Journalists
    • For Auditors
    • For Federal Managers
    • For Researchers
    • Center for Audit Excellence

The report you requested was not found, or there is more than one product with this report number. Please select from this list of similar report numbers.


B-187945, MAR 22, 1977
https://www.gao.gov/products/426420

B-187945: Mar 22, 1977

SBA SHOULD NOT WITHHOLD MONEY FROM BANK REPRESENTING ACCRUED INTEREST ON LOAN GUARANTEED BY SBA WHICH IS OTHERWISE DUE BANK AS ITS SHARE FROM LIQUIDATION OF BORROWER'S COLLATERAL. SBA'S PAYMENT TO BANK OF GUARANTEED PERCENTAGE OF PRINCIPAL PLUS ACCRUED INTEREST WAS PROPER. SBA HAS NO LEGAL OR FACTUAL BASIS TO WITHHOLD MONEY IN QUESTION ON GROUNDS THAT IT WAS NOT ADVISED OF INTEREST DEFAULT. OKLAHO...

  • html report icon View Decision (HTML)
Payment of Interest on Loan Guaranteed by Small Business Administration
https://www.gao.gov/products/100355

B-187945: Mar 22, 1977

Administrator of the Small Business Administration (SBA) requested GAO's concurrence in payment of over $19,000 to an Oklahoma bank, representing accrued interest on SBA guaranteed loan due bank because of borrower's default. Bank's failure to notify SBA of default within required 30 days was minor infraction, so payment to bank of guaranteed percent of principal plus interest was proper. SBA may...

  • pdf icon View Decision (PDF, 8 pages)
 
GAO seal
 
  • Facebook
  • @usgao @usgaolegal
  • LinkedIn
  • YouTube
  • Flickr
  • RSS feeds
  • Blog
  • Podcasts
  • Widgets
  • E-mail
  • Stay connected
 

Reports &
Testimonies

  • Browse By Date
  • Browse By Topic
  • Browse By Agency
  • Restricted Products
  • Open Recommendations Database

Bid Protests &
Appropriations Law

  • Bid Protests
  • Appropriations Law
  • Other Legal Functions
  • Other Legal Resources
  • Red Book

Key Issues

  • Browse By Topic
  • Browse By Agency
  • Browse Collections

About GAO

  • Comptroller
    General
  • E-mail Updates
  • Location
  • Workforce
  • Products and
    Services
  • History
  • Health Care
    Advisory
    Committees
  • FOIA
  • No Fear Act Data
  • FraudNet:
    Reporting Fraud

Careers

  • Current Job
    Vacancies
  • Apply for Jobs
  • Career Paths
  • Benefits
  • Student and
    Executive
    Programs
  • Diversity &
    Inclusion

Multimedia

  • Video Gallery
  • Podcast Gallery

Resources

  • Presidential and Congressional Transition
  • For Congress
  • For Journalists
  • For Auditors
  • For Federal Managers
  • For Researchers
  • Center for Audit Excellence
ACCOUNTABILITY★INTEGRITY★RELIABILITY
  • Privacy Policy
  • Ordering GAO Publications
  • Contact GAO
  • Site Map
  • Help