SBA Office of Inspector General Scrutinizes Small Business Lenders: Lenders at Risk for Denial of SBA Loan Guarantees

SBA Office of Inspector General Scrutinizes Small Business Lenders: Lenders at Risk for Denial of SBA Loan Guarantees

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Drawing on years of experience in the public and private sectors, our lawyers handle a range of litigation involving the federal government, state and foreign governments, and complex regulatory regimes.
On September 8, 2008, the Small Business Administration's Office of Inspector General issued its third report this year criticizing SBA oversight of lenders and calling for tighter controls on lenders' activities. These reports come as the OIG is aggressively working with US Attorneys to pursue civil and criminal cases against lenders, their employees, and their brokers. SBA OIG referrals resulted in 96 indictments, 71 convictions, and $25 million in recoveries and fines in the last reported period. For more, see our recent Email Alert.

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