Mary Simon wants to start a new business but lacks sufficient personal financial resources. She has asked banks and other lenders for loans, but they have turned her down, telling her that her proposal is too risky. Mary might find that the Small Business Administration could help her get a loan from one of these lenders by providing a partial loan guarantee.

Question

Quizplus · Accepted Answer

The Small Business Administration can provide partial loan guarantees to help small businesses obtain loans from lenders who may have otherwise deemed them too risky.

Mary Simon Wants to Start a New Business but Lacks