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CED-81-123 1 (1981-07-17)

handle is hein.gao/gaobabcet0001 and id is 1 raw text is: 




BY THE US, GENERAL ACCOUNTING OFFICE


Report To The Administrator

Small Business Administration


Better Management Of Collateral

Can Reduce Losses In SBA'S

Major Loan Program



In recent years, the Small Business Adminis-
tration's 7(a) program, the agency's principal
business loan program, has experienced in-
creasing loan losses. As of April 1981, 14.4
percent ($1.3 billion) of the outstanding 7(a)
loans were delinquent or in liquidation. SBA
could reduce its losses on defaulted loans by           115846
adhering to procedures which provide a sound
basis for managing collateral.

















  , D S 7,




  0         0
                                                          CED-81-123
                                                        JULY 17, 1981

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