Statement of Hon. Eric M. Thorson, Inspector General, U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate July 25, 2007
… examined whether SBA took proper steps to protect its interest in collateral on secured loans. We focused on SBA’s … that the MEO performed within the 2 percent exception rate. Our audit determined that the QAR process was … altered, lowering the MEO’s true 4.8 percent exception rate for the 246 QARs to 0.6 percent. The 0.6 percent rate …