When the Small Business Administration (SBA)assists a small business in applying for a major loan,it acts as the lender's ________.
A)credit union
B)savings and loan association
C)guarantor
D)Bank

Question

Quizplus · Accepted Answer

The SBA acts as a guarantor for small businesses applying for major loans, which means that they provide a guarantee to the lender that the loan will be repaid even if the borrower defaults. This reduces the lender's risk and makes it more likely that they will approve the loan. The SBA is not a credit union, savings and loan association, or a bank.

When the Small Business Administration (SBA)assists a Small Business in Applying