Test Your Knowledge of SBA Loans

SBA loans are a popular source of funding for small businesses. In FY 2017, the Small Business Administration approved 62,430 of its popular 7(a) loans totaling more than $25.4 billion, according to the Congressional Research Service, which provides updates to Congress on government spending.

Before starting the SBA loan application process, there are several things that entrepreneurs should know about small business lending.

Here is a short quiz to test your knowledge