________ were created by the SBA to provide loans under $100,000 that are normally shunned by banks.
A) Microloans
B) Preferred loans
C) Seasonal lines of credit
D) Disaster loans

Question

Quizplus · Accepted Answer

Microloans were specifically created by the SBA to provide small loans under $100,000 to businesses that may not qualify for traditional bank loans. These loans are often used for working capital, inventory purchases, equipment, or other small business expenses. Preferred loans, seasonal lines of credit, and disaster loans are all different types of loans that may be offered by the SBA, but they are not specifically designed for small loans and may have different requirements or purposes.

________ Were Created by the SBA to Provide Loans Under