jamirjackson42 jamirjackson42

11-04-2022
Business

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Nancy Appleton obtained a $45,000 loan for her start-up business. The SBA guaranteed 75% of the loan. How much has the bank risked losing if Nancy's business fails?

Respuesta :

Parrain Parrain

13-04-2022

Based on the percentage that SBA guaranteed out of Nancy's loan, the bank stands to lose $11,250.

How much does the bank stand to lose?

The bank stands to lose the amount that wasn't guaranteed by the SBA in the event that Nancy Appleton's business fails.

This amount can be found as:

= Loan amount x ( 1 - percentage guaranteed)

Solving gives:

= 45,000 x ( 1 - 75%)

= $11,250

Find out more on loan guarantees at https://brainly.com/question/9636559.

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