A primary focus of the agency should be to aid in the recovery of the more than $100 billion in fraudulent and improper loans made through the SBA COVID relief programs.
I do want to thank you as well for the letter that was sent back to Chairman Cardin and I.
Congress did not authorize a permanent change to larger 7(a) loans for affiliation or underwriting criteria because of C...
Fraud in ineligible firms were supposed to be flagged and recouped on the back end through the forgiveness process, yet ...
A critical commitment I received from Mr. Syed is to prioritize fraud detection and prevention, which is among the great...
I hope that this has been a one-off situation, but I think it is encouraging many of those institutions to go back and r...
I would love some follow-up. My staff had sent questions about Express several months ago...
Will the final rule eliminate our credit analysis, the control and management affiliation test...
That raises concerns with me because we have had that 40-year moratorium.
But we do not want to conflate the 504 program with our 7(a).