In Which of the Following Credit Programs Does the SBA

question 35

Multiple Choice

In which of the following credit programs does the SBA approve a loan and guarantee up to 85% of loan value?

• A)7(a)loan
• B)CDC/504 loan
• C)microloan
• D)venture capital loan

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Definitions:

Timeliness of Delivery

The measure of how quickly and within the scheduled timeframe goods or services are delivered to the customer.

Incremental Costs

The additional costs that are incurred if the level of business activity or output changes.

Out-of-Pocket Costs

Out-of-pocket costs are expenses that individuals directly pay from their funds, not covered by third-party payers like insurance.

Incremental Revenue

Additional revenue generated from a specific action or decision, beyond what would have been generated otherwise.