### Question
How does the law define business and industry loan?


### Answer
Under *7 U.S.C. § 1932*, **business and industry loan** is defined as:

> a business and industry direct or guaranteed loan that is made or guaranteed by the Secretary under subsection (a)(2)(A) of this section, including guarantees described in paragraph (3)(A)(ii)

#### Citation:
  - *7 U.S.C. § 1932*
  - Heading: **CHAPTER 50-AGRICULTURAL CREDIT > SUBCHAPTER I-REAL ESTATE LOANS**

