The maximum loan under the SBA's Community Express Program is ________ with an SBA guarantee of ________ percent and turnaround times on loan requests can be ________ .
A)$250,000; 35; within 1 week
B)$250,000; 85; within 5 business days
C)$250,000; 85; within 36 hours
D)$500,000; 85; within 36 hours

Question

Quizplus · Accepted Answer

The maximum loan amount under the SBA's Community Express Program is $250,000 with an SBA guarantee of 85 percent. The turnaround time on loan requests can be within 36 hours, which is the shortest among all the options. Therefore, option C is the best choice.

The Maximum Loan Under the SBA's Community Express Program Is