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

USEACs are co-staffed by the SBA, the U.S. Department of Commerce's Commercial Service, and the Export-Import Bank to provide one-stop export financing and trade counseling to small businesses.

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

The SBA awards STEP grants directly to state and territory governments, which then manage the funds and deliver export assistance to qualifying small businesses in their jurisdictions.

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

The U.S. Commercial Service, part of the Department of Commerce's International Trade Administration, co-locates at USEACs to provide market research, trade leads, and connections to foreign buyers.

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

STEP funds are restricted to export-related activities; domestic marketing or advertising expenses that do not directly support export development are not eligible uses.

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

The ITL allows repayment terms up to 25 years for real estate and equipment, and up to 10 years for the working capital portion of the loan.

(SBA) Small Business Administration Certified Business Practice Test

(SBA) Small Business Administration Certified Business Practice Test

SBA SBA Export Assistance & International Trade 2