The Average SBA Loan Guarantee Is $150,000 and Has an Average

question 12

True/False

The average SBA loan guarantee is $150,000 and has an average duration of seven years.

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Definitions:

Equitable Remedy

A legal resolution designed to address a wrong or enforce a right in civil law cases, focusing on fairness rather than monetary compensation.

Specific Performance

A legal remedy in which a court orders a party to perform a specific act, usually in accordance with a contract.

Money Damages

Financial compensation awarded by a court to a party who has suffered loss or harm due to the actions of another.

Contempt Of Court

An act of disrespect or disobedience towards the court or its officers, which can result in penalties or sanctions.