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SBA Disputes Report that it Canceled 7,700 'Approved' Disaster Assistance Loans

In a draft report scheduled to be discussed at Senate oversight hearing today, the Small Business Administration's Office of the Inspector General criticizes the agency for canceling more than 7,700 "approved" disaster assistance loans to those business owners impacted by 2005's deadly hurricanes.

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WASHINGTON — In a draft report scheduled to be discussed at Senate oversight hearing today, the Small Business Administration’s Office of the Inspector General criticizes the agency for canceling more than 7,700 “approved” disaster assistance loans to those business owners impacted by 2005′s deadly hurricanes.

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