Here is the complete Audit of SBA’s Controls Over 7(A) Loans Sold On The Secondary Market report issued March 14, 2019 by the Small Business Administration (SBA) Office of the Inspector General OIG).
(UnhappyFranchisee.Com) On March 14, 2019, the SBA Office of the Inspector General (OIG) released the report entitled Audit of SBA’s Controls Over 7(A) Loans Sold On The Secondary Market.
A link to the complete 14-page report (.PDF file) is posted below.
You are invited to share your opinion as to the practice of the SBA 7(A) loans being sold off on the secondary market at a profit, SBA’s practice of purchasing defaulted loans from the secondary market, and the OIG’s Audit of SBA’s Controls over 7A Loans Sold on the secondary market below. We especially would like to hear opinions on how this practice affects franchise loans and franchisees who finance their investment through the SBA 7(A) Loan Program.
ARE YOU FAMILIAR WITH THE SBA 7(A) GUARANTEED LOAN PROGRAM & SBA LOANS SOLD ON SECONDARY MARKET? SHARE YOUR OPINION BELOW.
TAGS: SBA Loans, SBA 7(A) loans, SBA Office of the Inspector General, Audit of SBA’s Controls Over 7(A) Loans Sold On The Secondary Market, SBA Loan Audit, SBA Guaranteed Loans, SBA Franchise Loans, franchise funding, unhappy franchisee