If the SBA Makes a Loan Guarantee,the Guarantee Is Only

question 2

Multiple Choice

If the SBA makes a loan guarantee,the guarantee is only ________.If the original borrower defaults,the government will repay the obligation up to the ________.

• A)to the borrower; loan balance
• B)to the public at large; percentage of the SBA guarantee
• C)to the lending institution; percentage of the SBA guarantee
• D)to the lending institution; loan balance

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Definitions:

Human Skill

The ability to work effectively with people, managing interpersonal relationships and communication.

Analytical Ability

The capacity to understand and dissect complex information, problems, or data, and make reasoned decisions or insights based on that analysis.

Selling Techniques

Selling techniques are strategies and methods used by sales professionals to convince customers to purchase products or services.

Preapproach Step

The phase in the sales process where research and planning are undertaken before making initial contact with potential customers.