13 Facts You Need to Know About the US Small Business Administration
Fundera
MAY 31, 2016
The SBA will guarantee a percentage of the loan offered by one of their partner lenders to a small business owner, which means that they’re promising to pay up if the borrower defaults. The SBA’s published statistics from 2015 break down the approval rates for their loans over the year: Only 5% of 7(a) loan approvals went to veterans.
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