Hoping to qualify for a Small Business Administration microloan, Aliana's business plan clearly pinpoints her strategy to gainfully serve her target market. Unfortunately, her lack of business experience and limited collateral greatly reduce her chances of obtaining the microloan.

False/True

FALSE

Explanation:

This statement is FALSE because Aliana has written and devolved a quite comprehensive business plan which clearly pinpoints her strategy to gainfully serve her target market, although she lacks business experience and also have limited collateral greatly, which consequently did not reduce her chance of obtaining the microloan because when you have to get a microloan then having an experience and collateral is not an important requirement. These microloans are given to the people so they can start their own business on a smaller level. Collateral is an important requirement when you are going to get some kind of huge loan for the purpose of assurity. Here in this case, Aliana is very much fine and she can get the microloan quite easily.

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