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Why is the Sacramento Loan Processing Center conducting a random sampling of use-of-proceeds documentation?

April 26, 2017center conducting documentation loan Sacramento Sampling

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Why is the Sacramento Loan Processing Center conducting a random sampling of use-of-proceeds documentation?

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Reviewing the documentation on loan use-of-proceeds allows SBA to ensure that borrower, lender, and CDC certifications are valid and appropriate. Due to anticipated demand, performing reviews on a random sample of loans will allow SBA to focus resources on processing applications while still maintaining appropriate program oversight.