Match the definition with its term.
-An SBA loan program that provides long-term financing for small businesses to acquire real estate or machinery and equipment
A)7(a) Loan Guaranty Program
B)7(m) Microloan Program
C)Certified Development Company (CDC) 504 Loan Program
D)community-based financial institution
E)formal venture capitalists
F)informal venture capital
G)loan covenants
H)Small Business Innovative Research (SBIR) Program
I)small business investment companies (SBICs)

Question

Quizplus · Accepted Answer

The Certified Development Company (CDC) 504 Loan Program provides long-term financing for small businesses to acquire real estate or machinery and equipment.

Answer: A 
 The 7(a) Loan Guaranty Program provides loans to small businesses for a variety of purposes, including working capital, equipment purchases, and debt refinancing.

Answer: F 
 Informal venture capital refers to funds provided by friends and family members or angel investors.

Answer: D 
 Community-based financial institutions are local banks or credit unions that provide financial services to individuals and small businesses in a particular geographic area.

Answer: I 
 Small Business Investment Companies (SBICs) are private investment firms that provide funding to small businesses in exchange for equity or debt securities.

Answer: G 
 Loan covenants are agreements between a borrower and lender that specify certain terms and conditions related to the loan, such as repayment schedules and interest rates.

Answer: H 
 The Small Business Innovative Research (SBIR) Program is a federal program that provides research and development funding to small businesses that are developing innovative technologies.

Answer: B 
 The 7(m) Microloan Program provides small loans to start-up, newly established, or growing small businesses.

Match the Definition with Its Term