SBA SBA Export Assistance & International Trade 1

Question 1

What is the maximum loan amount available under the SBA Export Express program?

Accepted Answer

$500,000

Answer

The SBA Export Express program provides fast access to export financing with a maximum loan amount of $500,000 for eligible small businesses.

Question 2

Under the SBA Export Express program, what guarantee percentage does SBA provide for loans exceeding $350,000?

Accepted Answer

75%

Answer

SBA Export Express loans above $350,000 (up to $500,000) carry a 75% SBA guarantee, while loans of $350,000 or less receive a 90% guarantee.

Question 3

What is the maximum loan amount under the SBA International Trade Loan (ITL) program?

Accepted Answer

$5 million

Answer

The SBA International Trade Loan program supports exporters with a maximum loan amount of $5 million for facilities, equipment, and working capital needs.

Question 4

The Export Working Capital Program (EWCP) is primarily designed to provide small business exporters with:

Accepted Answer

Short-term working capital to finance export transactions from purchase order through receivables collection

Answer

The EWCP provides short-term revolving credit or transaction-specific loans so exporters can finance the cycle from receiving a purchase order through collecting payment from the foreign buyer.

Question 5

Which SBA program awards grants to state and territory governments to help eligible small businesses develop export capabilities?

Accepted Answer

State Trade Expansion Program (STEP)

Answer

STEP provides grants to state and territory governments, which then use the funds to help local small businesses participate in foreign trade shows, missions, and export training activities.

(SBA) Small Business Administration Certified Business Practice Test

(SBA) Small Business Administration Certified Business Practice Test

SBA SBA Export Assistance & International Trade 1