Which of the following statements is not correct regarding the SBA 7(A) Loan Guaranty Program?
A) It is the most notable SBA program available to small businesses.
B) The program accounts for 90 percent of the SBA's loan activity.
C) The 7(A) guaranty program has a direct loan counterpart, the 7(B) direct loan program.
D) Almost all small businesses are eligible to apply for it.
E) A 7(A) guaranteed loan can be used for working capital.
Correct Answer:
Verified
Q36: _ are limited partnerships of money managers
Q38: In regard to the stages (or rounds)
Q40: Venture capitalists fund about _ companies per
Q40: Debt financing means exchanging partial ownership in
Q41: The number of angel investors in the
Q43: Bootstrapping is the use of creativity, ingenuity,
Q43: Venture capitalists are individuals who invest their
Q44: Very few founders contribute personal funds to
Q45: The idea candidate for a bank loan
Q48: Typically, the seen money that gets a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents