Small Business Administration's Compliance with Comptroller General's Decision on Purchase of Guaranteed Loans
CED-77-26
Published: Jan 26, 1977. Publicly Released: Jan 26, 1977.
Skip to Highlights
Highlights
The Small Business Administration (SBA) lacks authority to purchase guaranteed loans from banks which have not complied with SBA regulations requiring notification of a borrower's delinquency within 30 days. The files for 80 guaranteed loans purchased and four loans rejected for purchase at SBA's Boston, Kansas City, and San Francisco district offices were examined, as were 106 randomly selected loan authorization purchases to determine the extent of compliance with this regulation.
Full Report
Office of Public Affairs
Topics
Delinquent loansFiscal policiesLending institutionsLoansPolicy evaluationSmall business assistanceSmall businessLoan guaranteesCertifying officersEconomic development