Which of the following is one of the criteria for borrowers to qualify for a Small Business Administration-backed loan?
A)The borrower should not be a financial service provider.
B)The borrower should not be a home-based business.
C)The borrower should be unable to secure conventional commercial financing.
D)The borrower should be a not-for-profit organization that focuses on energy conservation.

Question

Quizplus · Accepted Answer

One of the key criteria for borrowers to qualify for a Small Business Administration (SBA)-backed loan is that they should be unable to secure conventional commercial financing. This criterion ensures that SBA loans support businesses that may not have access to traditional funding sources.

Which of the Following Is One of the Criteria for Borrowers