
Small Business Credit Applications/GeauxBiz Review
Authored by Kayla Guillory
Business
10th - 11th Grade
Used 13+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who approves small businesses for lines of credit?
Banks and online finance companies
The government
The President
All of these are correct
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Small businesses get approved for lines of credit if they believe the companies will have cash necessary to pay them back.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks want to make sure if they lend $ to businesses there will be how many ways for them to get repaid?
1 way
2 ways
3 ways
Multiple ways
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The right to take possession of collateral until a debt is repaid.
Lien
Collateral
Guarantor
Liquidity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets such as equipment or inventory owned by the business or by guarantors that the bank can seize & sell in the event the company can't pay their loans.
Lien
Collateral
Guarantor
Liquidity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit-worthy person/company who makes a legal commitment to guarantee to repay a loan if a company cannot.
Guarantor
Credit-worthiness
Equifax
Cash Instruments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company has sufficient cash and "liquid assets" to repay all loans
Liquidity
Credit-worthiness
Cash instruments
banks
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