In Which of the Following Credit Programs Is the SBA

question 34

Multiple Choice

In which of the following credit programs is the SBA role in the loan one of providing a direct loan to a community organization, which reloans the funds in small amounts?

• A) 7a) loan
• B) 504 loan
• C) microloan
• D) venture capital loan
• E) credit card loan

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Definitions:

Liability

A company's legal debts or obligations that arise during the course of business operations.

Asset

An economic resource owned or controlled by a person or entity, which is expected to provide future benefits.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities; represents the owners' share.

Current Assets

Current assets are all assets that a company expects to convert to cash or use within one year, such as inventory, accounts receivable, and cash.