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Which are eligibility requirements for a Small Business Administration (SBA) grant? Choose three answers.
o o o o
The business must operate for profit
The business must be a non-profit organization
The company must do business within the United States or its territories
The business must achieve a minimum profit of $5,000 within its first year
The owners must have responsible owner equity to investment
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Answered by
GPT-5 mini
AI
Correct choices:
- The business must operate for profit
- The company must do business within the United States or its territories
- The owners must have responsible owner equity to investment
(Nonprofits and a required $5,000 first‑year profit are not SBA grant eligibility requirements.)
- The business must operate for profit
- The company must do business within the United States or its territories
- The owners must have responsible owner equity to investment
(Nonprofits and a required $5,000 first‑year profit are not SBA grant eligibility requirements.)
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