Witnesses testified about alleged small business loan fraud. Small Business Administration officials were questioned about oversight activities. The chief executive officer of Business Loan Express and others testified about fraud allegations, as well as business relationships with Small Business Administration.

In January, 18 employees and a former vice president of the Troy, Michigan branch of Business Loan Express (BLX) were charged with fraud for allegedly making more than $76 million in fraudulent loans to unqualified borrowers.