Question

Sofia recently applied for a microloan from the Small Business Administration. Although several conditions are important, the SBA's decision to grant or deny the loan will largely depend upon

Answer 1

Answer:

D. the soundness of her business plan, and her integrity.

Explanation:

The Small Business Administration's microloan program provides up to $50,000 in loans that should help small businesses expand their operations. Non-profit childcare centers can also apply for this loan. But the average microloan is much lower, only about $13,000.

Microloans are awarded based on the borrower's integrity (usually credit record) and how sound their business ideas are.