If the SBA makes a loan guarantee, the guarantee is only ________. If the origin

Question

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 ________.

to the lending institution; percentage of the SBA guarantee

to the public at large; percentage of the SBA guarantee

to the borrower; loan balance

to the lending institution; loan balance

to the lending institution; percentage of the SBA guarantee

to the public at large; percentage of the SBA guarantee

to the borrower; loan balance

to the lending institution; loan balance

Explanation / Answer

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

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