Multiple Choice
A(n) ________ is a private nonprofit financial institution that will make small loans to its members for the purpose of starting a business.
A) SBIC
B) private placement
C) credit union
D) insurance company
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Under what circumstances should the small business
Q30: Urban Development Grants are used to construct
Q31: Trade credit,while more difficult to obtain than
Q32: Start-up companies often use trade credit from
Q33: A federally-sponsored program which offers loan guarantees
Q35: The Community Development Block Grants (CDBGs)are extended
Q36: Insurance companies typically make two types of
Q37: SBICs act as government-backed venture capitalists.
Q38: In a factoring arrangement,the risk of uncollected
Q39: The SBA's immediate participation loans are a