The Small Business Administration's microloan program awards loans to entrepreneurs based primarily on their

Question

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The Small Business Administration's microloan program awards loans to entrepreneurs primarily based on their integrity and sound business idea, meaning that they are looking for entrepreneurs who have a strong business plan and a proven track record of honesty and integrity. While collateral and credit history may also be important factors, they are not the primary focus of the microloan program. Similarly, previous business success may be a consideration, but it is not the only or even the most important factor in determining eligibility for a microloan.

The Small Business Administration's Microloan Program Awards Loans to Entrepreneurs