SBA 7a) Loans Are Made Usually for 1 to 3

question 64

True/False

SBA 7a) loans are made usually for 1 to 3 years in amounts up to $5,000,000, require collateral, and can be used for most business purposes.

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Definitions:

Machiavellian Tendencies

Machiavellian Tendencies describe behaviors focused on manipulation, deceit, and exploitation to achieve personal goals.

Manipulate

To control or influence a person, situation, or system, often in a skillful but unfair or deceitful manner.

Personal Gain

The benefit or advantage that an individual receives or seeks from an action or decision, usually in the context of careers, business, or personal development.

Least Effective

Refers to processes, strategies, or actions that yield the poorest results compared to alternatives.