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.

---

Definitions:

Goal Achievement

The process of setting, pursuing, and attaining goals.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Civil Rights Act

Legislation, notably that of 1964 in the USA, aimed at ending discrimination based on race, color, religion, sex, or national origin.

Pregnancy Discrimination Act

A federal law in the United States that prohibits discrimination against pregnant women in the workplace.