Which of the Following Statements Is Not Correct Regarding the SBA

question 31

Multiple Choice

Which of the following statements is not correct regarding the SBA 7(A) Loan Guaranty Program?

• A) It is the most notable SBA program available to small businesses.
• B) The program accounts for 90 percent of the SBA's loan activity.
• C) The 7(A) guaranty program has a direct loan counterpart, the 7(B) direct loan program.
• D) Almost all small businesses are eligible to apply for it.
• E) A 7(A) guaranteed loan can be used for working capital.

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Definitions:

Group Size

The number of individuals making up a collective or group, influencing dynamics such as communication and cohesion.

Conformity

Conformity is the act of matching attitudes, beliefs, and behaviors to group norms, expectations, or pressures.

Steadily

In a constant, consistent, and uninterrupted manner, often used to describe a process that continues or evolves without significant changes or interruptions.

Implicit Attitudes

Unconscious beliefs or feelings towards objects, people, or situations, which can influence behavior without one's awareness.