Report 8-08 – UPS Capital Business Credit’s Compliance with Selected 7(A) Lending Requirements
… and liquidating the loans. When a loan defaults, the lender submits a request that SBA honor the guaranty along … SBA reviews the documentation to evaluate the lender's compliance. Reviews of7(a) loans (excluding SBA … the audit, the Herndon Center began a review of the lender's liquidation expenses. Therefore, we excluded this …