The SBA's Role in Its Microloan Credit Program Is to Approve

question 12

True/False

The SBA's role in its microloan credit program is to approve the loans and guarantee up to 85% of the loan value.

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Definitions:

Electric Bicycle

A bicycle equipped with an electric motor that can assist with pedaling and, in some models, completely take over propulsion.

Extra Tire

A spare tire carried in a vehicle for use in the event of a tire failure.

Electronic Offer

A proposal to enter into a contract transmitted through electronic means, such as email or a website form.

Cloud

A technology that allows for the storage and access of data and programs over the internet instead of on a local computer's hard drive.