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… identified as part of our review.  We identified material lender non-compliance with SBA’s loan origination and closing requirements.  Specifically, the lender neither ensured SBA loan proceeds were used for an … with SBA’s requirements.  As a result, a recovery from the lender for SBA’s guarantee payment of $850,791 is appropriate …

… and  local assistance resources  for guidance, and our  Lender Match tool  for finding capital. Women-owned small …

… to represent the program as an affiliated bond agent of a Preferred Surety Bond company and may only use the SBA bond …

… for / August 1, 2024 Related programs: 7(a) SOP 50 10 Lender and Development Company Loan Programs SOP 50 56 1 Lender participation requirements SOP 50 57 7(a) Loan …

… review of five early-defaulted loans identified material lender origination and closing deficiencies that justified … that the Small Business Administration (SBA) require the lender to bring the loan into compliance and, if not … SBA agreed with the recommendation and has contacted the lender to obtain additional information to bring the loan …

… of loans into the secondary market and SBA’s reviews for lender compliance on defaulted loans were generally … provide statutory reports to Congress timely, and SBA’s lender guidance for the secondary market was outdated. Lastly, SBA did not properly determine lender compliance with loan program requirements for one of …