SBICs

question 25

Multiple Choice

SBICs:

• A)were chartered by the SBA to help start-up companies find private financing from commercial banks and finance companies.
• B)provide short-term debt-based capital to small businesses through the sale of the debt to private investors.
• C)cannot invest in or lend money to a business for more than five years.
• D)were created by the Small Business Investment Act to use a combination of private and federal guaranteed debt to provide long-term capital to small businesses.

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Definitions:

Buying Center

A group of people within an organization who are involved in the decision-making process for a purchase.

Deciders

Individuals or groups within an organization who have the authority to make final purchasing decisions.

Gatekeepers

Individuals or entities that control access to something, often information or resources.

Buying Center

A group of individuals within an organization who are involved in the process of making purchasing decisions.