________ were created by the SBA in 1992 to provide loans under $35,000 that are normally shunned by banks.
A)Microloans
B)Preferred loans
C)Seasonal line of credits
D)8(a)program loans

Question

Quizplus · Accepted Answer

Microloans were specifically created by the Small Business Administration (SBA) in 1992 to provide small loans, usually under $35,000, to entrepreneurs who may not be eligible for traditional bank loans. These loans are often used to start a small business or to support existing businesses that need additional capital to grow. The aim is to provide a funding avenue for people who might otherwise not be able to access credit, and the SBA works with community-based nonprofit organizations to administer the loans.

________ Were Created by the SBA in 1992 to Provide