### Question
How is the "qualified private lender" defined?


### Answer
The term **qualified private lender** is defined in *15 U.S.C. § 636* as follows -

> any privately-owned bank or other lending institution that—


(i) is not a preferred lender

#### Citation:
  - *15 U.S.C. § 636*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

