ROM 10-03 – Notice of Finding and Recommendation on Recovery Act Loans Involving Change of Ownership Transactions
… related to the financing of goodwill. The notice gave lenders the option to submit loans that exceeded goodwill … loan approval consideration. The notice, however, required lenders to submit certain documentation with their requests … and (2) reduce the availability of SBA loans to other lenders and eligible borrowers. RECOMMENDATIONS: We recommend …