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The Most Popular Loan Program Provided by the Small Business

question 14

Essay

The most popular loan program provided by the Small Business Administration is the basic 7(a)Loan Guaranty program.What is the 7(a)Loan Guaranty program? In your answer please address the following points: who is eligible for the loans,how the loans are administered,typical requirements of the applicant,who is responsible for the repayment of the loan,and what happens if there is a loan default.


Definitions:

Visible Imitation

The act of copying or mimicking visible actions or behaviors observed in others.

Invisible Imitation

The act of mimicking someone's actions or behaviors without them being visibly or clearly observed.

Deferred Imitation

A cognitive ability seen in children where they replicate actions or behaviors after a delay, reflecting memory and understanding capabilities.

Deferred Imitation

The ability to replicate an action or behavior after a delay, demonstrating the development of memory and cognitive skills, often observed in children.

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