In which of the following credit programs does the SBA approve and guarantee a not-for-profit Certified Development Company's portion of the debt?
A)7(a)loan
B)CDC/504 loan
C)microloan
D)venture capital loan

Question

Quizplus · Accepted Answer

The SBA approves and guarantees a not-for-profit Certified Development Company's portion of the debt in the CDC/504 loan program. In this program, the CDC works with the SBA and a lender to provide financing to small businesses for the purchase of fixed assets, such as land or equipment.

In Which of the Following Credit Programs Does the SBA