
New GAO Report on SBA “Credit Elsewhere” Rules
June 20, 2018 4:51 pmRecently, the GAO released a report showing that almost half of the reviewed loans under SBA’s 7(a) loan program in 2016 didn’t adhere to the “credit elsewhere” requirement.
Recently, the GAO released a report showing that almost half of the reviewed loans under SBA’s 7(a) loan program in 2016 didn’t adhere to the “credit elsewhere” requirement.