The Purpose of the SBA's SCORE Program Is to Evaluate

question 102

True/False

The purpose of the SBA's SCORE program is to evaluate the managerial performance of small businesses and then to assign scores that are used to determine the amount of loans that individual businesses can obtain.

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Definitions:

Bootstrapping

refers to starting a business with minimal financial resources, relying on personal income and savings rather than seeking external investment.

Resource Acquisition

The process of identifying, securing, and managing the assets and inputs required for business operations and growth.

Venture Philanthropy

A form of philanthropy that applies venture capital principles like investing in innovation, performance measurement, and operational support to achieve social impact.

Value-Added Funding

Investment that not only provides capital but also adds value through strategic advice, industry connections, or management expertise.