Which of the Following Holds True for the Small Business

question 24

Multiple Choice

Which of the following holds true for the Small Business Administration?

• A) The SBA requires that you create your business plan or loan proposal prior to applying for an SBA guaranteed loan.
• B) A 504 Loan Program requires a 25% minimum down payment.
• C) The SBA does not guarantee small business loans.
• D) The SBA actually loans money to small business and is a bank.

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Definitions:

Complex Tasks

Activities or projects that involve multiple steps, intricate details, and often require problem-solving skills.

High

A state or condition that is above average in quantity, size, or intensity.

Differentiation

The process of distinguishing a product, service, or brand from competitors in ways that make it more appealing to the target market.

New Innovative Unit

A specialized group or department within an organization focused on developing innovative strategies, products, or services.