In which of the following credit programs is the SBA's role in the loan one of providing a direct loan to a community organization, which reloans the funds in small amounts?
A)7(a)loan
B)CDC/504 loan
C)microloan
D)credit card loan

Question

Quizplus · Accepted Answer

The SBA's role in microloan program is to provide a direct loan to a community organization, which reloans the funds in small amounts. This program is specifically designed to provide small loans up to $50,000 to small businesses and startups. This program is best suited for entrepreneurs who require a small amount of funding to start or grow their business.

In Which of the Following Credit Programs Is the SBA's