TEAM 22 (Aaron Lewter & Janet Ligeon)

A vibrant image depicting a diverse group of business professionals engaged in a discussion about financing, with charts and documents in the background.

Business Financing Insights Quiz

Test your knowledge on business financing, loans, and the SBA with our engaging quiz! This quiz is designed to help you understand important concepts and improve your financial literacy.

  • 10 questions covering key topics
  • Multiple choice and open-ended questions
  • Instant feedback on your answers
10 Questions2 MinutesCreated by FinancialGuide101
UCC-1 Financing Statement Fee
For loans over $25,000 requires $100 fee
For Any loan requires $100 fee
For loans over $75,000 requires $100 fee
None of the above
What is a balloon payment?
The MOST important identity verification
EIN/Tax ID
Email Address
SSN
Phone number
At this point is it possible to add or remove co-applicants within the loan if so, how?
I can sell my business without permission from the SBA
True
False
Does the borrower need to keep receipts of loan funds spent?
No
Yes
Which one is the correct phone number for Lionbridge
877-352-5469
877-347-5467
877-352-5468
6789998212
Which Borrowers receive a 1098?
Two payment options ?
"I received a loan increase. Are my increase payments deferred?
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