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Which of the Following Restrictions Does the SBA Impose on a Section

Question 7

Multiple Choice

Which of the following restrictions does the SBA impose on a Section 504 CDC loan?


A) For every $35,000 the CDC loans,the project must create at least one new job or achieve a public policy goal.
B) Machinery and equipment financed must have a useful life of at least 10 years.
C) The borrower must be a "small business" and must not have a tangible net worth in excess of $7 million and a net income in excess of $2.5 million for the preceding two years.
D) All of the above

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