SBA SBA Loan Programs & Lending Requirements

Question 1

What is the maximum loan amount for a standard SBA 7(a) loan?

Accepted Answer

$5 million

Answer

$2.5 million

Answer

$10 million

Answer

$500,000

Question 2

Which SBA loan program is specifically designed for purchasing real estate and long-term fixed assets?

Accepted Answer

504 Loan

Answer

7(a) Loan

Answer

SBA Express

Answer

Microloan

Question 3

What is the maximum loan amount under the SBA Microloan program?

Accepted Answer

$50,000

Answer

$10,000

Answer

$25,000

Answer

$100,000

Question 4

What collateral requirement applies to SBA 7(a) loans over $25,000?

Accepted Answer

Lenders must follow their collateral policies and take available assets

Answer

No collateral is required

Answer

Personal guarantee only

Answer

Only business assets may be used

Question 5

Which SBA loan feature allows borrowers to get funds quickly, typically within 36 hours?

Accepted Answer

SBA Express

Answer

SBA 504 Express

Answer

SBA CAPLines

Answer

SBA Export Express

Question 6

What is the typical SBA guarantee percentage on a standard 7(a) loan up to $150,000?

Accepted Answer

85%

Answer

50%

Answer

75%

Answer

100%