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| Resources for Entrepreneurs | Entrepreneur's Glossary | ||||
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SBA 7(a) Loan Guaranty
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Definition of SBA 7(a) Loan GuarantyThe 7(a) Loan Guaranty Program is one of SBA's primary lending programs.
It provides loans to small businesses unable to secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders that provide loans which are, in turn, guaranteed by the SBA. In the event of default by the borrower, the SBA is willing to reimburse up to 85% of the loss that the lender would otherwise sustain. If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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