SBA SBA Export Assistance & International Trade 2

Question 1

U.S. Export Assistance Centers (USEACs) combine counselors from the SBA, the U.S. Commercial Service, and which other key federal entity?

Accepted Answer

Export-Import Bank of the United States

Answer

U.S. Department of Agriculture

Answer

Federal Trade Commission

Answer

U.S. International Trade Commission

Question 2

Under the State Trade Expansion Program (STEP), which entity ultimately receives the SBA grants and administers them to eligible small businesses?

Accepted Answer

Individual state and territory governments

Answer

Local chambers of commerce

Answer

U.S. Department of Commerce

Answer

Export-Import Bank

Question 3

Which federal agency, co-located with SBA at USEACs, provides small business exporters with market intelligence, foreign trade leads, and international buyer-matching services?

Accepted Answer

U.S. Commercial Service (International Trade Administration)

Answer

U.S. International Trade Commission

Answer

Export-Import Bank of the United States

Answer

Bureau of Industry and Security

Question 4

STEP grant funds may be used for all of the following export activities EXCEPT:

Accepted Answer

Paying ongoing domestic advertising costs unrelated to exporting

Answer

Participating in foreign trade shows or trade missions

Answer

Translating marketing materials into foreign languages

Answer

Attending export counseling and training programs

Question 5

Under the SBA International Trade Loan (ITL) program, what is the maximum repayment term for real estate purchases?

Accepted Answer

25 years

Answer

10 years

Answer

15 years

Answer

20 years

Question 6

Which SBA resource partner is specifically focused on providing counseling and export assistance to women entrepreneurs?

Accepted Answer

Women's Business Centers (WBCs)

Answer

SCORE

Answer

Small Business Development Centers (SBDCs)

Answer

Veterans Business Outreach Centers (VBOCs)

Question 7

The SBA's Office of International Trade primarily assists small businesses by:

Accepted Answer

Providing export finance programs, policy advocacy, and access to trade counseling resources

Answer

Negotiating bilateral trade agreements with foreign governments

Answer

Setting tariff rates on goods imported by small businesses

Answer

Managing U.S. customs inspections at ports of entry