Small Business Administration New Service for Lender Oversight Reflects Some Best Practices, But Strategy for Use Lags Behind

By General Accounting Office

Book Id: WPLBN0000005564
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005

Title:	Small Business Administration New Service for Lender Oversight Reflects Some Best Practices, But Strategy for Use Lags Behind
Author:	General Accounting Office
Volume:
Language:	English
Subject:	Government publications, Accountability in government, United States. General Accounting Office
Collections:	Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic Publication Date:
Publisher:	United States General Accounting Office (Gao)


Citation APA MLA Chicago Office, G. A. (n.d.). Small Business Administration New Service for Lender Oversight Reflects Some Best Practices, But Strategy for Use Lags Behind. Retrieved from https://self.gutenberg.org/

Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: Largely because SBA relies on lenders to make the loans it guarantees, the agency needs a loan and lender monitoring capability that will enable it to efficiently and effectively analyze its overall portfolio of loans, its individual lenders, and their portfolios of loans. SBA, along with Dun & Bradstreet, essentially identified these same needs as they obtained the loan monitoring service. In addition, they identified the importance of applying industry standards and best practices for loan and lender monitoring and the need to identify high-risk lenders. Based on our assessment of best practices, SBA?s credit risk management efforts need to include a comprehensive infrastructure, appropriate methodologies, and policies.