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. What is the purpose of the SBA Export Express loan program?

    Answer: Support small businesses entering or expanding in export markets

    The SBA Export Express loan helps small businesses develop or expand their export markets quickly with a streamlined application process.

  2. Which SBA loan program is administered through nonprofit community-based intermediary lenders?

    Answer: Microloan

    The SBA Microloan program is administered through nonprofit community-based intermediary lenders who also provide business training and technical assistance.

  3. What happens to an SBA loan if the borrower defaults and the SBA pays the lender's guarantee?

    Answer: The SBA pursues the borrower for repayment

    When the SBA pays a guarantee claim, it becomes the creditor and pursues the borrower for repayment of the amount paid.

  4. Under the SBA 7(a) program, what is the guarantee fee called that borrowers typically pay?

    Answer: SBA guaranty fee

    Borrowers on SBA 7(a) loans pay a guaranty fee, which is a percentage of the guaranteed portion of the loan.

  5. What is the maximum loan amount for an SBA Express loan?

    Answer: $500,000

    The SBA Express loan program has a maximum loan amount of $500,000.

  6. Which SBA lending program is specifically designed to help businesses affected by declared disasters?

    Answer: SBA Disaster Loan

    The SBA Disaster Loan program provides low-interest loans to businesses, homeowners, and renters affected by declared disasters.

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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