SBA SBA Loan Programs & Lending Requirements 2

Question 1

Which SBA loan program provides lines of credit to help businesses meet short-term working capital needs?

Accepted Answer

SBA CAPLines

Answer

SBA 504

Answer

SBA Microloan

Answer

SBA Export Working Capital

Question 2

What is the maximum maturity term for an SBA 7(a) loan used for real estate?

Accepted Answer

25 years

Answer

10 years

Answer

15 years

Answer

30 years

Question 3

Which entity sets the maximum interest rates that lenders can charge on SBA 7(a) loans?

Accepted Answer

SBA

Answer

Federal Reserve

Answer

Individual lenders

Answer

U.S. Treasury

Question 4

An SBA Preferred Lender has what key advantage over standard SBA lenders?

Accepted Answer

Authority to make final credit decisions without SBA review

Answer

Lower interest rates

Answer

Access to higher loan amounts

Answer

No collateral requirements

Question 5

For SBA loan eligibility, what size standard is most commonly used to determine if a business qualifies as 'small'?

Accepted Answer

Number of employees or annual revenue by industry

Answer

Annual payroll under $1 million

Answer

Net worth under $5 million

Answer

Market share under 10%

Question 6

What does the SBA 504 loan program require regarding the borrower's equity contribution?

Accepted Answer

10% down payment minimum

Answer

5% down payment

Answer

20% down payment

Answer

No down payment required