Microloans in the SBA Credit Program Are Made by Not-For-Profit

question 31

True/False

Microloans in the SBA credit program are made by not-for-profit or government-affiliated Community Development Financial Institutions (CDFIs).

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Definitions:

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Long Term Goals

Objectives set to be achieved over an extended period, typically involving strategic planning for the future.

Time Limits

Restrictive periods within which a task must be started or completed, used to enhance efficiency and productivity.

Objective Thinking

A cognitive process that evaluates information and facts without letting personal feelings, biases, or prejudices influence the judgment.