Small Business Lending Companies (SBLCs) Make Only Intermediate and Long-Term

question 176

True/False

Small business lending companies (SBLCs) make only intermediate and long-term SBA-guaranteed loans that many banks would not consider.

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Definitions:

Burden of Proof

is the obligation to prove one's assertion or claim in a legal dispute, typically resting on the party initiating the action.

Small Business

A business that is privately owned and operated, with a small number of employees and relatively low volume of sales.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities, which are used to assess company profitability.

Revenue

The income generated from normal business operations, usually from the sale of goods and services.