Business Finance Homework Help

Part One: (20 Points) We all know how “Goodwill” Industries is a non-profit organization accepting donations and provides outlets to buy donated goods. But, did you know that Goodwill provides services for very small start up businesses? Visit their website Goodwill Industries of Southwest Florida then respond to the following question. (Links to an external site.)

1. What Is Goodwill’s Micro Enterprise program, and who is Eligible?

2. After completion of the appropriate training classes and based on ability to repay, participants may be eligible to apply for a small loan through the Kiva Zip program (Links to an external site.) with Goodwill MicroEnterprise providing some matching funds.

3. How much can you borrow from the Kiva Zip Progam (Links to an external site.)?

4. The Kiva Zip Program allows people to lend money to applicants of their choosing. Visit the lender tab in Kiva (Links to an external site.), and search out a small business that caught your eye, and why you would consider making a loan to them.

Part II: (10 Points) TheSBA’s COVID-19 EIDL (Links to an external site.) This federal small business loan program supports small businesses’ recovery from the COVID-19 disaster’s economic impacts by providing accessible and borrower-friendly capital.

Visit their website and provide the following information about this COVID-19 EIDL Loan (Links to an external site.).

Describe the loan Product

How Proceeds are to be used

Maximum Loan Amount

Loan Terms

Loan Interest Rate

Loan Fees