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.) Yes. The cap on service company revenues is $33.5 million. No. She exceeds the maximum annual sales figure. No. Service companies are not eligible. Yes. There are no revenue caps on eligibility. James needs cash for his business. He sells his $100,000 accounts receivable 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)? $5,000 $100,000 $25,000 $95,000 Based on our class discussion on funding stages, how soon does a typical company break even? (US Average) 810 years. Approximately 30 months. Less than 30 days. 6 months. Question 32 1 pts The SBA loan program targeted towards active-duty military personnel and veterans is known as SBA NCIS/JAG Loan Program (Bellisario Loans) SBA Armed Forces Loans SBA VFW loan program Specialized 7(a) Express and Pilot Programs When conducting a private placement, a company must pay particular attention to SEC filings as coordinated by their investment bank applicable state law registration for an IPO with the SEC (Securities Exchange Commission) filing of an S1 and subsequent filings of K1 Which stage of the funding life cycle would be most closely associated with funding amounts below $50,000 ? Series C seed Series B Series A