Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 3

Many small-business owners have a difficult time finding financing to start or expand their business. The Small Business Administration is one potential source of financing for many types of small businesses, but there are also some businesses that do not qualify for SBA loans. Go to www.sba.gov/content/ businesses-eligible-ineligible-sba-assistance and see whether the following businesses are eligible to apply for SBA financing:
Lettuce Entertain U is a company needing funding to remodel an old warehouse to house its latest vegan restaurant. Does it meet SBA criteria Why or why not