If a company doing business only within the U.S.is investigating SBA loans exceeding $1,000,000 to use for acquiring fixed assets,what programs may be a viable consideration?
A)SBAExpress,CAPLines,and Section 504 - Community Development Corporation
B)Standard 7(A),CAPLines,and a Microloan3
C)Standard 7(A),CAPLines,and Section 504 - Community Development Corporation
D)Standard 7(A),Patriot Express,and Section 504 - Community Development Corporation

Question

Quizplus · Accepted Answer

For a company doing business only within the U.S. investigating SBA loans exceeding $1,000,000 to use for acquiring fixed assets, the most suitable loan programs to consider would be Standard 7(A), CAPLines, and Section 504-Community Development Corporation. The Standard 7(a) loan program is the most utilized SBA program in which borrowers can get up to $5 million to fund start-ups or growth, purchase fixed assets, or receive working capital. The CAPLines loan program provides businesses with the needed finance to support short-term and cyclical working capital needs. Finally, the Section 504- CDC program offers long-term financing for fixed assets in which up to $5.5 million proceeds can be availed.

If a Company Doing Business Only Within the U