Posted By: fmissle
Anyone experience a recent SBA Audit? - 08/29/07 10:18 PM
I'm running our newly formed centralized SBA documentation dept. We will be handling the prep of SBA docs, getting an SBA guarantee #, and auditing the file for required docs after closing.
The dept. who is currently doing this is stressing the newly announced SBA audits beginning this year (I personally think they're overstating the frequency of two times a year). Does anyone have any experience with SBA Audits or has anyone heard anything about them starting a new audit program? With the continued budget cuts, I would be suprised to get audited every other year.
The dept. who is currently doing this is stressing the newly announced SBA audits beginning this year (I personally think they're overstating the frequency of two times a year). Does anyone have any experience with SBA Audits or has anyone heard anything about them starting a new audit program? With the continued budget cuts, I would be suprised to get audited every other year.