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Question
Sandy is using a governmental program to help finance her new business. Her company is not eligible for a loan through a normal lending channel and is receiving $120,000 with the SBA guaranteeing 85 percent of the loan. She also had to submit a loan application to the lender. Ellie is participating in the
a. 7(a) Loan Guaranty Program.
b. Certified Development Company 504 Loan Program.
c. Small Business Innovative Research Program.
d. 7(M) Microloan Program.
Answer
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