Multiple Choice QuestionFinancial assistance by the Small Business Administration (SBA) for a new startup company is a form of _____ financing.Multiple choice question.capitalprofitworking capitaldebt
Question
Multiple Choice QuestionFinancial assistance by the Small Business Administration (SBA) for a new startup company is a form of _____ financing.Multiple choice question.capitalprofitworking capitaldebt
Solution
The correct answer is "debt". The Small Business Administration (SBA) provides financial assistance to new startup companies in the form of loans, which is a form of debt financing. This means the company is borrowing money and will repay it over time with interest.
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