The SBA has two major programs: 7(a) for general business purposes and 504 for the purchase of buildings or major equipment.

Question

Quizplus · Accepted Answer

The SBA (Small Business Administration) indeed has two major loan programs: the 7(a) loan program, which is designed for general small business purposes, and the 504 loan program, which is specifically for the purchase of fixed assets like buildings or major equipment.

The SBA Has Two Major Programs: 7(a) for General Business