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… to the increasing number of defaulted Gulf Coast disaster loans processed by the Small Business Administration (SBA). … obtained, and (3) SBA took appropriate measures to cancel loans when there were adverse changes in the financial … borrowers. As of September 30, 2007, we identified 11,217 loans totaling $1.1 billion in disbursements for which one or …

… from our ongoing audit of purchased 7(a) Recovery Act loans. Report 11-07 On September 30, 2011, the OIG issued the … from our ongoing audit of purchased 7(a) Recovery Act loans. This report identifies documentation deficiencies … in twenty-four, or 40 percent, of a sample of sixty 7(a) loans reviewed, which resulted in inappropriate or …