Which of the Following Is an Approved Use of an SBA-Backed

question 13

Multiple Choice

Which of the following is an approved use of an SBA-backed loan?

• A)to pay delinquent taxes
• B)to purchase new equipment
• C) to pay existing debt
• D) to finance floor plan needs

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Definitions:

Negative Response

A reaction or answer that indicates dissent or displeasure towards a particular stimulus or situation.

Performance Process

The method or procedure by which individuals or organizations carry out tasks and activities to achieve specific outcomes, often evaluated to improve effectiveness.

Motivation Factors

Elements or conditions that encourage individuals to act or behave in a certain way to achieve desired outcomes.

Feelings of Neutrality

Emotional states characterized by indifference or lack of strong emotions towards a situation, object, or person.