"we always want to make sure that if there is room for improvement we are improving those programs."
"These final rules threaten to drastically change the SBA's flagship small business lending program."
"It is really disheartening to many of us on this committee, as we saw in a bipartisan manner, where numbers of our committee members raised issue with the proposed rules, and it shows that the Adminis..."
"Nor in the PPP?"
"I would rather not revisit that."
"So, yes, I don't want you to leave Mr. Shoemaker, or Shoemaker, without feeling you have gotten a fair shot at discussion today."
"Okay. So, you--and you are saying here today you will not be seeking loan forgiveness as SBA for EIDL loans under $100,000."
"We need to protect the taxpayers against fraud. We want to make sure that the dollars are going to those small business entities that are truly deserving and need those resources."
"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."
"A critical commitment I received from Mr. Syed is to prioritize fraud detection and prevention, which is among the greatest obstacles facing the SBA."
"Fraud in ineligible firms were supposed to be flagged and recouped on the back end through the forgiveness process, yet the Biden administration has forgiven $754 billion, or 92 percent of all PPP loa..."
"We are concerned about the SBDCs and the field offices."