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Exam 13: Other Financing Alternatives

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Question 1

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Microloans in the SBA credit program are intended for very small businesses with a maximum amount of $35,000 to be used for general purposes.

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Question 2

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With venture leasing,one component of the return to the lessor is the opportunity to take an equity interest in the venture.

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Because of loan restrictions,obtaining funding from commercial lenders is prohibitive for entrepreneurs.

Receivables lending is the use of receivables as collateral for an equity issue.

The use of receivables as collateral for a loan is known as:

Arranging for partial ownership as a component of the expected return to a lessor is known as:

Unlike traditional commercial banks,venture banks typically provide debt to start-ups that have already received equity financing from professional venture capital firms.

Compensation received by commercial loan officers makes them more likely to finance early-stage ventures.

The SBA approves the standard 7(a)loan and guarantees up to 85% of the loan value.

The Small Business Administration was created by an Act of Congress in 2003.

The SBA's venture capital credit program works through Community Development Financial Institutions (CDFIs).

By an act of Congress,the Small Business Administration (SBA) was created in which one of the following years?

Commercial banks,jointly with not-for-profit Certified Development Companies,are lenders in which of the following SBA credit programs?

Commercial banks,credit unions,and/or financial services firms are lenders in which of the following SBA credit programs?

Direct public offerings have recently become a serious challenge to traditional venture capital firms.

By an act of Congress,the Small Business Administration (SBA)was created for the purpose of fostering the initiation and growth of small businesses.

In which of the following credit programs is the SBA role in the loan one of providing a direct loan to a community organization,which reloans the funds in small amounts?

A foreign national may seek Lawful Permanent Resident (LPR)status by investing $1 million in the U.S.that will preserve or create at least 100 jobs for U.S.workers.

Warrants allow lenders to buy equity at a specified price.

Concerning factoring,all of the following are true except: