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SBA Lender Oversight Forums Garner Strong Turnouts

WASHINGTON -- The turnout for a series of public forums put together by the Small Business Administration on its proposed lender oversight and risk rating system has been fairly strong with nearly 120 people attending including representatives from several credit unions.

By Michelle A. Samaad | Updated on April 08, 2008

WASHINGTON — The turnout for a series of public forums put together by the Small Business Administration on its proposed lender oversight and risk rating system has been fairly strong with nearly 120 people attending including representatives from several credit unions.

At issue is the SBA’s proposed rating system to assess an SBA Lender’s 7(a) portfolio performance and a Certified Development Company’s 504 loan portfolio performance.

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