Practice Test Geeks(SBA) Small Business Administration Certified Business Practice Test
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SBA Loan Programs & Lending Requirements Flashcards

6 cards from real SBA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 SBA Loan Programs & Lending Requirements flashcards as text

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

    Answer: SBA CAPLines

    The SBA CAPLines program provides lines of credit to help small businesses meet their short-term and cyclical working capital needs.

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

    Answer: 25 years

    SBA 7(a) loans used for real estate purchases can have a maximum repayment term of 25 years.

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

    Answer: SBA

    The SBA sets the maximum interest rates that lenders can charge on SBA 7(a) loans.

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

    Answer: Authority to make final credit decisions without SBA review

    SBA Preferred Lenders have delegated authority to make final credit decisions without prior SBA review, speeding up the loan process.

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

    Answer: Number of employees or annual revenue by industry

    The SBA uses industry-specific size standards based on number of employees or annual receipts to determine if a business qualifies as small.

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

    Answer: 10% down payment minimum

    SBA 504 loans typically require the borrower to contribute at least 10% of the project cost as a down payment.

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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