Practice Test Geeks(SBA) Small Business Administration Certified Business Practice Test

SBA Cheat Sheet 2026

The 30 highest-yield SBA facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

50 questions
90 min time limit
70.00% to pass
  1. What is the purpose of a personal financial statement in an SBA loan application? → To demonstrate the owner's personal net worth and ability to guarantee the loan
  2. Under the SBA 8(a) Business Development program, what is the maximum length of time a firm can participate? → 9 years
  3. What SBA program provides research and development funding to small technology-driven businesses? → Small Business Innovation Research (SBIR) Program
  4. Under the SBA 504 loan program, what is the typical structure of the financing arrangement? → Bank provides 50%, CDC/SBA provides 40%, borrower contributes 10%
  5. What is an example of relationship marketing? → Personalized email campaigns
  6. What is the SBA's primary role in the 7(a) loan program? → The SBA guarantees a portion of loans made by approved lenders
  7. What is a business continuity plan? → Emergency operations plan
  8. What is 'working capital' in small business financial management? → Current assets minus current liabilities
  9. Which SBA loan program is specifically designed to provide microloans up to $50,000 to small businesses and certain non-profit childcare centers? → SBA Microloan Program
  10. What is the maximum loan amount under the SBA International Trade Loan (ITL) program? → $5 million
  11. What is the goal of market segmentation? → Divide customers into groups based on needs
  12. What role does the SBA play in the U.S. economy according to its core mission? → Aid, counsel, assist, and protect the interests of small businesses
  13. Under the SBA 7(a) program, what is the guarantee fee called that borrowers typically pay? → SBA guaranty fee
  14. What does risk management involve? → Identifying and mitigating risks
  15. What is the primary difference between the SBIR and STTR programs? → STTR requires the small business to partner with a nonprofit research institution
  16. Which strategy helps new businesses build credibility? → Networking and partnerships
  17. What does 'HUBZone' stand for in the SBA HUBZone program? → Historically Underutilized Business Zone
  18. What role does a Customer Relationship Management (CRM) system play in small business operations? → Organize and manage customer interactions, sales pipelines, and communication history
  19. What is the maximum loan amount available under the standard SBA 7(a) loan program? → $5 million
  20. Under the SBA Export Express program, what guarantee percentage does SBA provide for loans exceeding $350,000? → 75%
  21. What is SWOT analysis used for? → Analyze internal and external factors
  22. What is a common challenge for startups? → Access to capital
  23. Why is competitive analysis important? → Understand market position
  24. What does the term 'amortization' refer to in the context of a business loan? → Gradually paying off a loan through scheduled principal and interest payments
  25. What should a marketing plan identify? → Customer needs and strategies
  26. What does SDVOSB stand for in the context of federal contracting? → Service-Disabled Veteran-Owned Small Business
  27. Which entity sets the maximum interest rates that lenders can charge on SBA 7(a) loans? → SBA
  28. What is the U.S. government's annual small business contracting goal as a percentage of federal prime contracts? → 23%
  29. What is the primary difference between a trademark and a copyright? → Trademarks protect brand identifiers; copyrights protect original creative works
  30. How can businesses measure customer satisfaction? → Conduct customer surveys
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How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy

Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. sba.gov — Test delivery, eligibility, renewal, score release, score validity · verified Oct 2026