Qualified Small Businesses That Cannot Obtain Business Loans Through Normal

question 112

True/False

Qualified small businesses that cannot obtain business loans through normal lending channels can get loans directly from the SBA through its 7(a) Loan Guaranty Program.

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Definitions:

Product Innovation

The development of new or improved goods or services that are sold to meet customer needs.

Exploratory Innovation

Risk taking, radical thinking, and experimentation.

Exploitative Innovation

The enhancement and reuse of existing products and processes.

Idea Generation

The approach of crafting, refining, and broadcasting original concepts or solutions.