In Order to Qualify for a Microloan from the SBA

question 61

True/False

In order to qualify for a microloan from the SBA, an entrepreneur must have adequate collateral and a proven track record of success.

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Definitions:

Charges

Financial or legal responsibilities, or in physics, the property of matter that causes it to experience a force when placed in an electromagnetic field.

Phospholipids

A class of lipids forming the major component of cell membranes, consisting of two fatty acids, glycerol, and a phosphate group.

Vegetable Oil

Oil extracted from the seeds or other parts of fruits and plants, used for cooking and industrial purposes.

Double Bonds

Chemical bonds between atoms where two pairs of electrons are shared, making the bond stronger and shorter than a single bond.