When a bank proves the quality of its loan decisions to the SBA and becomes a ________ lender,the bank makes the final lending decision itself,subject to SBA review for the guarantee.
A)preferred
B)qualified
C)certified
D)LDC

Question

Quizplus · Accepted Answer

Becoming a preferred lender means the bank has demonstrated a track record of good loan decisions and can now make lending decisions on its own, subject to SBA review for guarantee.

When a Bank Proves the Quality of Its Loan Decisions