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| When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The ability of the entrepreneur to repay borrowed funds is known as? |
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| When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The money the entrepreneur has invested in the business, which is an indication how much is at risk if the business should fail is known as? |
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| When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The guarantees, or additional forms of security (such as assets) the entrepreneur can provide the lender is known as? |
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| When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The focus on the intended purpose of the loan is known as? |
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| When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The general impression the entrepreneur makes on the potential lender or investor is known as? |
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| All of the following are common loan restrictions except? |
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| . Unlike traditional commercial banks, venture banks typically provide debt to start-ups that have already received equity financing from professional venture capital firms. In return for providing additional debt financing, these venture banks receive in return all of the following except? |
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Definition
| tax breaks on the interest |
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Term
| Bank debt is not a realistic source of financing for start-ups due to all of the following reasons except? |
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Definition
| payables either don’t yet exist or its history is inadequate |
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| Personal credit cards have proven to be a source of financing for start-up firms for all of the following reasons except? |
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Definition
| it can create problems if the firm doesn’t generate cash flows to cover credit card payments once low introductory rates expire |
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| Which is not a duty of the Small Business Administration? |
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Definition
| provide equity financing for start-ups |
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| Which of the following is not a Small Business Administration program? |
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| certified financial planner funding programs |
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Term
| Concerning factoring, all of the following are true except? |
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Definition
| receivable lending is the process of factoring |
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| Which of the following is not a source of debt funding for a start-up firm? |
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| Venture banks seek loan returns from: |
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| all of the above; interest received, principal repayments, warrants being exercised |
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| Selling receivables to a third party at a discount from their face value is referred to as: |
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| Which one of the following is not a current Small Business Administration (SBA) credit program? |
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| In which of the following credit programs does the SBA approve and guarantee a not-for-profit Certified Development Company’s portion of the debt? |
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| In which of the following credit programs does the SBA approve a loan and guarantees up to 85% of loan value? |
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| 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? |
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| In which of the following credit programs does the SBA borrow money to be lent Small Business Investment Companies (SBICs) and guarantees payment to investors? |
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| Commercial banks, credit unions, and/or financial services firms are lenders in which of the following SBA credit programs? |
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| Commercial banks, jointly with not-for-profit Certified Development Companies, are lenders in which of the following SBA credit programs? |
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| Not-for-profit or government-affiliated Community Development Financial Institutions (CDFIs) are lenders in which of the following SBA credit programs? |
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| Small Business Investment Companies (SBICs) are lenders in which of the following SBA credit programs? |
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| By an act of Congress, the Small Business Administration (SBA) was created in which one of the following years? |
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