When the Canada Small Business Finance Program (CSBFP) assists a small business in applying for a major loan, it acts as the lender's ______.
A) bank
B) savings and loan association
C) credit union
D) guarantor

Question

Quizplus · Accepted Answer

The CSBFP acts as a guarantor for small businesses applying for major loans. This means that the program provides a guarantee to the lender that they will be repaid, even if the small business is unable to repay the loan. This reduces the risk for the lender, making it more likely that they will approve the loan application.

When the Canada Small Business Finance Program (CSBFP) Assists a Small