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An Organization Authorized by the SBA to Make Insured Loans

question 33

Multiple Choice

An organization authorized by the SBA to make insured loans to small businesses that are expected to increase economic activity within a specific geographic area is referred to as a(n) _____.


Definitions:

Benefits Programs

A range of programs provided by employers to offer various non-wage compensations to employees, like health insurance, retirement benefits, and more.

Early Retirement Package

A financial offer made to employees to incentivize them to retire before their standard retirement age, often as part of downsizing or cost-cutting measures.

Silver Handshake

An early retirement incentive in the form of increased pension benefits for several years or a cash bonus

Holiday Pay

Compensation for employees for designated holidays, typically without the requirement of working on those days.

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