Quiz - Week 3
- Due Nov 29, 2019 at 11:59pm
- Points 10
- Questions 10
- Available Nov 18, 2019 at 12am - Nov 29, 2019 at 11:59pm
- Time Limit None
Instructions
Let's have some fun now with a better loan request. You will have the needed items to do the analysis at the beginning of each question.
Objectives
We will be doing a Cash Flow analysis for a loan request of a C-Corp business. This quiz is to put what we have read and the work you did on assignment 3. How well have we learned to apply these concepts?
The next ten questions, you will begin to spread the information from a business that wants to purchase $350,000 of business equipment. We will be financing the loan request with an SBA 7a loan since the equipment will not fully secure the loan.
Here are a few things to keep in mind:
- Per SBA SOP, the lender (bank or credit union) requires only 10% down for the purchase of the equipment
- The bank processing fee and all third party fees will be financed into the loan including the SBA guarantee fee (common in SBA financing)
Directions
The quiz will be available on November 18th through November 25th so that everyone should be caught up. It is not timed except for when the availability closes. You have one opportunity to complete the quiz.
The Canvas Student Guide provides instructions for taking a quiz (Links to an external site.).