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Sba Form 1010c

Sba Form 1010c

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Instructions and help about sba form 1010c examples

the SBA has been a remarkable resource for small businesses over the years um and what they do is they provide the lenders with a guarantee and what I'm talking about now specifically is the is the 7A program which is what most people are familiar with the the SBA provides a guarantee of that loan for say on on a larger loan 75% of that loan amount when the bank goes and makes the loan they know that if there's a problem and the loan defaults after all the settlements done and the collateral sold and everything else there's still a guarantee there from the US government for 75% of that original loan amount or or the remaining actually of the remaining uh outstanding balance will be covered by the by the US government [Music]

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