The Average Interest Rate on SBA-Guaranteed Loans Is

question 16

Multiple Choice

The average interest rate on SBA-guaranteed loans is:

• A)prime minus 2 percent.
• B)2 percent.
• C)prime plus 2 percent.
• D)7 percent.

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Definitions:

Social Worker

A professional dedicated to helping individuals, families, and communities address challenges, improve wellbeing, and secure needed resources and supports.

Sympathetic Responding

Showing compassion and solidarity towards someone's situation or feelings, often leading to support or assistance.

Empathic Responding

The practice of demonstrating understanding and sharing in another person’s emotional experience, aiming to support and validate their feelings.

Reciprocal Level

A mutual relationship or arrangement whereby two parties provide or exchange similar benefits or actions.