Explain basic micro loan program

Reference no: EM1351067

Discuss what are the advantages and disadvantages of each of the following programs in terms of complexity of application and protection in the event of a default:

a) Basic micro loan program.
b) Basic 7(a) loan program.
c) Patriot loan program.

Note that, these programs are all a part of the Small Business Administration in the United States.

Reference no: EM1351067

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