Which of the following statements is true about a lender?

The statement indicating that a lender is anyone who funds loans with their own funds is accurate. This definition is broad enough to encompass various types of lenders, including individuals, private companies, and financial institutions that engage in lending activities. Lenders can be private citizens who offer personal loans, investment funds, peer-to-peer lending platforms, or traditional banks. This inclusive definition aligns with the diverse landscape of lending practices where funding doesn't solely rely on large corporations or regulated banks.

Other options limit the definition of a lender unnecessarily. For instance, stating that a lender can only be a corporation excludes individuals and smaller enterprises from the lending landscape. The requirement for a banking license imposes constraints that do not apply to all lenders, as many operate without a formal banking status. Additionally, asserting that a lender can only operate within state borders ignores the fact that many lenders, particularly online ones, can provide services across state lines or even nationally.