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Small Business Administration headquarters building entrance (Image: Shutterstock).

Government-guaranteed lending is in high demand. In FY 2018, the U.S. Small Business Administration approved a total of $25.8 billion in 7(a) loans, its most popular program, according to a June 2019 SBA report. This was among the highest volume of loan approvals made in the history of the 7(a) program.

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