Question 1

Three lenders play a role in every 504 loan: a bank,the SBA,and a certified development company (CDC).

Accepted Answer

A) True 
 B)False

Question 2

What are local development companies and the small business innovation research programs? How do they help small businesses?

Accepted Answer

Started as a pilot program by the Nation

Question 3

Bonds are corporate "IOUs."

Accepted Answer

A) True 
 B)False

Question 4

SBICs may lend up to ________% of their private capital to a single client.

Accepted Answer

A) 10 
B) 30 
C) 20 
D) 49 
A) 10 
B) 30 
C) 20 
D) 49

Question 5

Sunny Bright's The Tanning Parlor is in the middle of its busy season.The hiring of extra help,some unexpected repairs on equipment,etc. ,has led to a shortage of operating capital.What type of financing would Sunny most likely use in this situation?

Accepted Answer

A) Line of credit 
B) Floor planning 
C) A discounted installment contract 
D) An asset-based loan 
A) Line of credit 
B) Floor planning 
C) A discounted installment contract 
D) An asset-based loan

Question 6

Asset-based lenders require:

Accepted Answer

A) government approval. 
B) state approval. 
C) credit. 
D) all of the above. 
A) government approval. 
B) state approval. 
C) credit. 
D) all of the above.

Question 7

The most common method used by commercial finance companies to provide credit to small businesses is:

Accepted Answer

A) asset-based. 
B) insurance-based. 
C) unsecured lines of credit or "character loans." 
D) balance-sheet based. 
A) asset-based. 
B) insurance-based. 
C) unsecured lines of credit or "character loans." 
D) balance-sheet based.

Question 8

A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time.

Accepted Answer

A) term loan 
B) factor 
C) line of credit 
D) floor plan 
A) term loan 
B) factor 
C) line of credit 
D) floor plan

Question 9

The CAPLine Program offers short-term capital to growing companies needing to finance seasonal buildups in inventory or accounts receivable.

Accepted Answer

A) True 
 B)False

Three lenders play a role in every 504 loan: a bank,the SBA,and a certified development company (CDC).

What are local development companies and the small business innovation research programs? How do they help small businesses?

Bonds are corporate "IOUs."

SBICs may lend up to ________% of their private capital to a single client.

Sunny Bright's The Tanning Parlor is in the middle of its busy season.The hiring of extra help,some unexpected repairs on equipment,etc. ,has led to a shortage of operating capital.What type of financing would Sunny most likely use in this situation?

Asset-based lenders require:

The most common method used by commercial finance companies to provide credit to small businesses is:

A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time.

The CAPLine Program offers short-term capital to growing companies needing to finance seasonal buildups in inventory or accounts receivable.

Entrepreneurs: the Driving Force Behind Small Business

Ethics and Social Responsibility: Doing the Right Thing

Creativity and Innovation: Keys to Entrepreneurial Success

Strategic Management and the Entrepreneur

Choosing a Form of Ownership

Franchising and the Entrepreneur

Buying an Existing Business

New Business Planning Process: Feasibility Analysis,business Modeling,

Building a Bootstrap Marketing Plan

Creative Use of Advertising and Promotion

Pricing and Credit Strategies

Global Marketing Strategies

E-Commerce and Entrepreneurship

Creating a Solid Financial Plan

Managing Cash Flow

Sources of Equity Financing

Location,layout,and Physical Facilities

Supply Chain Management

Managing Inventory

Staffing and Leading a Growing Company

Management Succession and Risk Management Strategies in the Family Business

The Legal Environment: Business Law and Government Regulation

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Exam 17: Sources of Debt Financing

Three lenders play a role in every 504 loan: a bank,the SBA,and a certified development company (CDC).

What are local development companies and the small business innovation research programs? How do they help small businesses?

Bonds are corporate "IOUs."

SBICs may lend up to ________% of their private capital to a single client.

Sunny Bright's The Tanning Parlor is in the middle of its busy season.The hiring of extra help,some unexpected repairs on equipment,etc. ,has led to a shortage of operating capital.What type of financing would Sunny most likely use in this situation?

Asset-based lenders require:

The most common method used by commercial finance companies to provide credit to small businesses is:

A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time.

The CAPLine Program offers short-term capital to growing companies needing to finance seasonal buildups in inventory or accounts receivable.

Entrepreneurs: the Driving Force Behind Small Business

Ethics and Social Responsibility: Doing the Right Thing

Creativity and Innovation: Keys to Entrepreneurial Success

Strategic Management and the Entrepreneur

Choosing a Form of Ownership

Franchising and the Entrepreneur

Buying an Existing Business

New Business Planning Process: Feasibility Analysis,business Modeling,

Building a Bootstrap Marketing Plan

Creative Use of Advertising and Promotion

Pricing and Credit Strategies

Global Marketing Strategies

E-Commerce and Entrepreneurship

Creating a Solid Financial Plan

Managing Cash Flow

Sources of Equity Financing

Location,layout,and Physical Facilities

Supply Chain Management

Managing Inventory

Staffing and Leading a Growing Company

Management Succession and Risk Management Strategies in the Family Business

The Legal Environment: Business Law and Government Regulation

Filters