WASHINGTON — The turnout for a series of public forums puttogether by the Small Business Administration on its proposedlender oversight and risk rating system has been fairly strong withnearly 120 people attending including representatives from severalcredit unions.
At issue is the SBA's proposed rating system to assess an SBALender's 7(a) portfolio performance and a Certified DevelopmentCompany's 504 loan portfolio performance.
Last week, SBA began a three-week series of public meetings onthe proposal. Forums were held on April 1 and April 3 in LosAngeles and San Francisco, respectively. Eighty people includingrepresentatives from Lockheed CU, USC CU and California CU attendedthe Los Angeles meeting while 40 persons turned out for the SanFrancisco forum.
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