Help with business question

User Generated

avan41

Business Finance

Description

The SBA guarantees banks get payment, but does require lot paperwork to qualify. Entrepreneurs utilize SBA financing when banks won't. What must borrowers do qualify for SBA financing? If failure of the system, place to protect the banking system?

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Explanation & Answer

Borrowers  to qualify for SBA financing should be ready to complete the paper work.Paper work once done properly is a was of safe guarding an institution against loss.

To have fully  completed and the right  documents in the event of  litigation incase of payment default


Anonymous
Really useful study material!

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