A(n)________ is a private nonprofit financial institution that will make small loans to its members for the purpose of starting a business.

Question

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A credit union is a type of financial institution that is owned and operated by its members, who must belong to a certain group or organization. Credit unions offer a variety of financial services, including small loans for starting businesses. SBICs, or Small Business Investment Companies, are private for-profit firms that make investments in small businesses. Private placements are a way for companies to raise capital by selling securities to a select group of investors without going through a public offering. Insurance companies offer insurance products and typically do not provide small business loans.

A(n)________ Is a Private Nonprofit Financial Institution That Will Make