In Most SBA Loans, the SBA Does Not Actually Lend

question 48

True/False

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.

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Definitions:

Financial Statements

Official records that detail the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Intracompany Comparisons

The analysis and comparison of financial data or operational metrics within the same company over different periods or between different departments.

Significant Trends

Significant trends are notable long-term movements or directions in data that reveal important patterns, especially in economic or financial contexts.