Hud, first time home buyers. And that gives small business lenders the confidence to lend. And our program performs really well. Normally we have a low default rate, maybe less than 2% on a good day. And so what that provides is massive capital. Capital is the lifeblood of small businesses. Once they have that loan, they can hire small businesses, create two out of every three new jobs. (06:40–06:46)
CLAIM
Asserts that the SBA typically has a default rate of less than 2%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
