To Qualify for Assistance from the Small Business Administration, the Proceeds

question 60

Essay

To qualify for assistance from the Small Business Administration, the proceeds of an SBA-guaranteed loan must be used for what purpose?

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Definitions:

Bear Arms

The right to possess and carry weapons, often cited in the context of the Second Amendment of the United States Constitution.

Debts Incurred

The financial obligations or liabilities accumulated over time by an individual, organization, or country as a result of borrowing money or obtaining goods and services.

Independence

The condition of a nation, country, or state which exercises self-government, and sovereignty, free from external control.

Ware v. Hylton

A 1796 U.S. Supreme Court case that determined that treaties made under the authority of the United States have precedence over state statutes.