James needs cash for his business. He sells his $100,000 accountsreceivable balance to a third party. The

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Question:

James needs cash for his business. He sells his $100,000 accountsreceivable balance to a third party. The third party gives him 25% upfront. The third party then collects the receivables and pays James the balance minus a 5% fee. How much money does James end up with (total)?

$100,000

$25,000

$95,000

$5,000

Samantha owns a service business that has $30 million in annual sales. Is her business eligible for an SBA loan? (Choose the answer that offers the most correct reasoning.)

No. She exceeds the maximum annual sales figure.

Yes. The cap on service company revenues is $33.5 million.

No. Service companies are not eligible.

Yes. There are no revenue caps on eligibility.

Depending on the crowdfunding platform, a project that fails to meet its fundraising goal becomes the subject of a class-action lawsuitwill always receive partial funding, regardless of platform is automatically banned from future participation on the platformmay not receive any of the funding.