NAMU CCUP Practice Questions - NAMU Certified In Commercial Underwriting & Processing (NAMU-CCUP) Exam

An SBA 7(a) loan typically has:

No SBA guarantee Up to 75% SBA guarantee (85% for loans ≤ $150K), max loan $5M, used for working capital, equipment, real estate 100% government funding Long-term consumer financing

Correct Answer:

Up to 75% SBA guarantee (85% for loans ≤ $150K), max loan $5M, used for working capital, equipment, real estate

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