Christine Recently Applied for a Microloan from the SBA

question 69

Multiple Choice

Christine recently applied for a microloan from the SBA. Although several criteria are important, the Small Business Administration's decision to grant or deny the loan will largely depend upon:

• A) her credit history and the collateral she can offer.
• B) her age, since microloans are only available to senior citizens.
• C) her previous record of business success.
• D) the soundness of her business plan, and her integrity.

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Definitions:

Common Law

A legal system based on custom and court rulings rather than written laws passed by a legislature.

National Pollutant Discharge

The release of pollutants from point sources into navigable waters, regulated by national environmental authorities.

Industrial Wastewater

Water that has been contaminated through its use in industrial processes, which requires treatment before being released back into the environment.

Air Quality Statute

Legislation aimed at regulating, controlling, and improving the air quality within a specific area.