Final answer:
SBA micro-loans are not given based on the collateral of the borrower.
Step-by-step explanation:
The statement is false. SBA micro-loans are not given based on the collateral of the borrower. The Small Business Administration (SBA) provides micro-loans to small businesses that have difficulty accessing traditional loans from banks and other lenders. These loans are typically given based on factors such as the borrower's credit history, business plan, and ability to repay the loan, rather than the collateral.