True about small businesses

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1. Which of the following is not true about small businesses?

A. Manufactures are considered small if they have less than 500 employees

B. 50% of all US exports are by SMEs

C. Services/retail can be considered small if their sales are less than $32.5 million

D. 70% of US exporting firms are very small companies

2. SBA does direct lending at lower rates than banks.

A. True

B. False

3. What is the maximum number of employees a wholesaler can have to qualify as a small business under SBA Rules?

A. 500

B. 250

C. 1000

D. 750

4. What is the maximum loan amount allowed under the SBA Export Express Program?

A. $100,000

B. $750,000

C. $400,000

D. $500,000

5. Export Working Capital (EWCP) loans can be used to finance indirect exports.

A. True

B. False

Reference no: EM132252511

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