In most SBA loans, the SBA does not actually lend any money, it merely guarantees a bank repayment of a portion of the loan the bank makes in case the borrower defaults.
Correct Answer:
Verified
Q107: _ loans are typically unsecured.
A)Equity
B)Capital
C)Asset-based
D)Term
Q108: The average loan in the SBA's Microloan
Q109: Explain the role that commercial banks play
Q110: The Community Advantage Loan Program provides loans
Q111: Mini-Case 15-1: "Where do I go now
Q112: Explain how a typical SBA loan guarantee
Q113: The CAPLine Program makes short-term capital loans
Q114: The SBA's Section 504 Certified Development Company
Q115: A company pledging its inventory, accounts receivables,
Q117: When the SBA makes a loan guarantee,
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