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:

Average Variable Costs

The total variable costs (costs that change with production volume) divided by the total output.

Repairs

The process of fixing or restoring something that is broken or damaged to bring it back to a good condition.

Hydraulic Car Smasher

A machine used in scrapyards to crush cars into small, compact pieces using hydraulic power.

Dispose of Cars

The process of discarding or recycling vehicles that are no longer functional or needed.