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 maximum loan amount for a standard SBA 7(a) loan?

    Answer: $5 million

    The SBA 7(a) loan program has a maximum loan amount of $5 million.

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

    Answer: 504 Loan

    The SBA 504 Loan is designed for financing major fixed assets such as real estate and equipment.

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

    Answer: $50,000

    The SBA Microloan program offers loans up to $50,000 to help small businesses start up and expand.

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

    Answer: Lenders must follow their collateral policies and take available assets

    For SBA 7(a) loans over $25,000, lenders are required to follow their collateral policies and take available business and personal assets.

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

    Answer: SBA Express

    The SBA Express loan provides a faster turnaround, with the SBA responding to applications within 36 hours.

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

    Answer: 85%

    For SBA 7(a) loans up to $150,000, the SBA guarantees 85% of the loan amount.

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