ROM 11-03 - America’s Recovery Capital Loans Were Not Originated And Closed In Accordance With SBA’s Policies and Procedures
… $255 million was authorized for SBA to establish the ARC loan program to provide small businesses access to the … between June 1,2009 and January 31,2010 with gross loan approvals totaling approximately $148 million and at … States. The contractor, RER, reviewed SBA and lender loan files using an OIG-approved checklist. For all loans …