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LIBRO QUIZ

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Your Name: Harkirat Singh

List 3 reasons for poor financial performance A. Lack of experience

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B. Lack of business plan (Market too small, Lack of sales, Small margins) C. Not enough money 2

Approximately what percentage of SME’s survive two years ? 86%

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What do the 3 C’s stand for? A. Capacity

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B. Character C. Collateral 4

List 4 documents needed to apply for a loan: A. Personal Net Worth Statement

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B. Tax Return C. Business Plan D. Purchase and Sale Agreement E. Articles of Incorporation Financials 5

List 5 possible Libro Terms and conditions. A. Amortization period

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B. Equity C. Ownership structure D. Interest rate/fees E. Personal guarantees 6

List 3 things that DO NOT qualify for a CSBFP loan: 1) Improvements to a family dwelling for non-commercial purpose

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2) Share purchase

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3) Less than $5 million in annual revenue What types of businesses does Libro see the most trouble with ?

1 Franchises, multi-level marketing, sales agencies, restaurant, environmentally challenged, etc Hint: look at the stop sign on course home page...