which are eligibility requirements for a small business administration (sba) grant? choose three answers…

which are eligibility requirements for a small business administration (sba) grant? choose three answers. the business must operate for profit the owners must have responsible owner equity to investment the business must achieve a minimum profit of $5,000 within its first year the business must be a non - profit organization the company must do business within the united states or its territories

which are eligibility requirements for a small business administration (sba) grant? choose three answers. the business must operate for profit the owners must have responsible owner equity to investment the business must achieve a minimum profit of $5,000 within its first year the business must be a non - profit organization the company must do business within the united states or its territories

Answer

Brief Explanations:

The Small - Business Administration (SBA) generally requires businesses applying for grants to operate for profit, have responsible owner equity, and conduct business within the US or its territories. There is no requirement for a minimum first - year profit of $5,000 and SBA grants are for for - profit businesses, not non - profit organizations.

Answer:

  • The business must operate for profit
  • The owners must have responsible owner equity to investment
  • The company must do business within the United States or its territories