Jamie applies for a small-business loan from the SBA.If he is approved for the loan, where will the money actually come from?

Name: Jamie applies for a small-business loan from the SBA.If he is approved for the loan, where will the money actually come from?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The SBA does not provide the loan directly to the borrower. Instead, it guarantees a portion of the loan to private lenders, such as banks, who then provide the funding to the borrower. Therefore, the money will come from private lenders.

Jamie Applies for a Small-Business Loan from the SBA