alleryStart learning →Home › Bihar Board Class 12 (Commerce) › Business Studies › Small Business › When the SBA guarantees part of a loan, who is r…
When the SBA guarantees part of a loan, who is relieved of some risk?
AThe borrower's customers
BThe borrower's employees
CThe issuing bank
DThe borrower's suppliers
Answer & Solution
Correct answer: C. The issuing bank
The guarantee passes part of the default risk from the lending bank to the agency.
Related questions
Which body officially designated MSME Day in 2017?MSME Day is observed globally onThe national level implementing agency of PMEGP is theThe Prime Minister Employment Generation Programme promotes self employment by setting upThe Khadi and Village Industries Commission was established byWhich service is provided by the Small Industries Development Organisation?In which year was the Small Industries Development Organisation established?The apex body for rules and laws on micro, small and medium enterprises in India is the