ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An independent agency of the federal government that was created to help Americans start, build, and grow businesses.
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Small Business Administration
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Small Business Development Centers
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Service Corps of Retired Executives
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Trade Associations
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Explanation:
Detailed explanation-1: -The U.S. Small Business Administration (SBA) helps Americans start, grow, and build resilient businesses.
Detailed explanation-2: -It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1, 500 employees). For example, according to the SBA definition, a roofing contractor is defined as a small business if it has annual revenues of $16.5 million or less.
Detailed explanation-3: -The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.
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