Which of the Following Is One of the Criteria for Borrowers

question 28

Multiple Choice

Which of the following is one of the criteria for borrowers to qualify for a Small Business Administration-backed loan?

• A)The borrower should not be a financial service provider.
• B)The borrower should not be a home-based business.
• C)The borrower should be unable to secure conventional commercial financing.
• D)The borrower should be a not-for-profit organization that focuses on energy conservation.

---

Definitions:

Supplies Cost

The cost associated with the items and materials used in the operation of a business.

Spending Variance

The difference between the budgeted or planned amount of expense and the actual amount spent.

Cost Formula

An equation used to predict costs, often incorporating fixed and variable components.

Supplies Cost

The total expense incurred for items used in the operation of a business but not directly tied to a specific product or service, such as office supplies or cleaning materials.