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The Small Business 7(a)Guaranty Program

Question 28

Multiple Choice

The Small Business 7(a) Guaranty program:


A) guarantees up to 50 percent of the amount loaned.
B) helps qualified small businesses obtain financing when they cannot obtain it through regular lending channels.
C) has a maximum loan amount of $10 million.
D) loans can be used only for machinery and equipment, and land and building.

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