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// by Homeland Security Today

GAO: SBA Needs to Improve Compliance With its Loans and the Credit Elsewhere Requirement

A GAO report has found that the Small Business Administration needs to improve compliance with the credit elsewhere requirement and its 7 (a) loan program. For its 7(a) loan program, the Small Business Administration (SBA) has largely delegated authority to lenders to make 7(a) loan determinations for those borrowers who cannot obtain conventional credit at… Keep Reading

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