The major lending source for small businesses needing additional funds is the Small Business Administration (SBA).

Question

Quizplus · Accepted Answer

While the Small Business Administration (SBA) does provide crucial support and guarantees for loans to small businesses, the major lending sources for small businesses needing additional funds are typically banks and credit unions. The SBA partners with these institutions to guarantee loans, reducing the risk for lenders and making it easier for small businesses to obtain financing.

The Major Lending Source for Small Businesses Needing Additional Funds