GB 370 GENTRY EXAM EVALUATION 2025/2026
QUESTIONS AND ANSWERS GRADED A+
✔✔Commercial Loan - ✔✔General loan issued to a business for operational expansion
purposes.
✔✔Commercial Finance Companies - ✔✔Private lenders that provide funding when
banks won't.
✔✔Small Business Association (SBA) - ✔✔US government agency that supports
entrepreneurs with loans, counseling, and resources.
✔✔7(a) Loan Program - ✔✔The SBA's primary loan program for working capital,
expansion, or equipment.
✔✔Small Business Association Express Program - ✔✔Streamlined SBA loan with faster
approval, typically capped at lower amounts.
✔✔CAP Lines - ✔✔SBA line of credit programs designed for short-term working capital
needs.
✔✔Pre-Qualification Program - ✔✔SBA assistance program helping businesses
prepare and qualify for loans.
✔✔MicroLoan Program - ✔✔SBA-backed loans up to $50k for startups and small
businesses.
✔✔Empowerment Zones/Renewal Communities - ✔✔Federal initiatives offering tax
incentives and grants for businesses in distressed areas.
✔✔Export Working Capital Program - ✔✔SBA program supporting small businesses
financing international sales.
✔✔Special Purpose Loan - ✔✔Loan designed for a specific, defined business purpose
(e.g., disaster relief).
✔✔Pollution Control Loan - ✔✔Loan for businesses to finance environmentally friendly
improvements or compliance.
✔✔International Trade (IT) Loan Program - ✔✔SBA loan program for businesses
expanding into international markets.
✔✔Minority Preference Loan - ✔✔Financing programs providing favorable terms to
minority-owned businesses.
, ✔✔Women-led Business Preference Loan - ✔✔Financing programs with incentives or
support for women-owned businesses.
✔✔Grants - ✔✔Non-repayable funds given by government or organization to support
business initiatives.
✔✔Small Business Innovation Research (SBIR) Program - ✔✔Federal program funding
small businesses engaged in high-tech research and development.
✔✔2/10 Net 30 - ✔✔A trade credit that gives 2% discount if payment is received within
10 days.
✔✔Self-Financing - ✔✔Using your own money/assets to fund a startup; shows investors
you have 'skin in the game.'
✔✔Sources of Self-Financing - ✔✔Personal savings, investments, equity in property,
vehicles, or home equity loans.
✔✔Risks of Self-Financing - ✔✔Using credit cards or home equity may lead to high
debt or personal financial loss.
✔✔Saving Early - ✔✔Setting aside money before launching a business helps reduce
reliance on risky financing.
✔✔Forms of Equity - ✔✔Can be stock (incorporated business) or partnership shares
(investors take management role).
✔✔Equity Trade-Off - ✔✔Investors may demand controlling ownership, risking
founder's loss of control.
✔✔Build Value First - ✔✔Strengthening the business before seeking investors reduces
how much equity you must give up.
✔✔Debt Financing - ✔✔Obtaining capital through loans that must be repaid with
interest.
✔✔Debt Sources - ✔✔Banks, commercial lenders, credit unions, or personal credit
lines.
✔✔Loan Variability - ✔✔Loan terms differ across banks (installments vs. balloon
payments).
QUESTIONS AND ANSWERS GRADED A+
✔✔Commercial Loan - ✔✔General loan issued to a business for operational expansion
purposes.
✔✔Commercial Finance Companies - ✔✔Private lenders that provide funding when
banks won't.
✔✔Small Business Association (SBA) - ✔✔US government agency that supports
entrepreneurs with loans, counseling, and resources.
✔✔7(a) Loan Program - ✔✔The SBA's primary loan program for working capital,
expansion, or equipment.
✔✔Small Business Association Express Program - ✔✔Streamlined SBA loan with faster
approval, typically capped at lower amounts.
✔✔CAP Lines - ✔✔SBA line of credit programs designed for short-term working capital
needs.
✔✔Pre-Qualification Program - ✔✔SBA assistance program helping businesses
prepare and qualify for loans.
✔✔MicroLoan Program - ✔✔SBA-backed loans up to $50k for startups and small
businesses.
✔✔Empowerment Zones/Renewal Communities - ✔✔Federal initiatives offering tax
incentives and grants for businesses in distressed areas.
✔✔Export Working Capital Program - ✔✔SBA program supporting small businesses
financing international sales.
✔✔Special Purpose Loan - ✔✔Loan designed for a specific, defined business purpose
(e.g., disaster relief).
✔✔Pollution Control Loan - ✔✔Loan for businesses to finance environmentally friendly
improvements or compliance.
✔✔International Trade (IT) Loan Program - ✔✔SBA loan program for businesses
expanding into international markets.
✔✔Minority Preference Loan - ✔✔Financing programs providing favorable terms to
minority-owned businesses.
, ✔✔Women-led Business Preference Loan - ✔✔Financing programs with incentives or
support for women-owned businesses.
✔✔Grants - ✔✔Non-repayable funds given by government or organization to support
business initiatives.
✔✔Small Business Innovation Research (SBIR) Program - ✔✔Federal program funding
small businesses engaged in high-tech research and development.
✔✔2/10 Net 30 - ✔✔A trade credit that gives 2% discount if payment is received within
10 days.
✔✔Self-Financing - ✔✔Using your own money/assets to fund a startup; shows investors
you have 'skin in the game.'
✔✔Sources of Self-Financing - ✔✔Personal savings, investments, equity in property,
vehicles, or home equity loans.
✔✔Risks of Self-Financing - ✔✔Using credit cards or home equity may lead to high
debt or personal financial loss.
✔✔Saving Early - ✔✔Setting aside money before launching a business helps reduce
reliance on risky financing.
✔✔Forms of Equity - ✔✔Can be stock (incorporated business) or partnership shares
(investors take management role).
✔✔Equity Trade-Off - ✔✔Investors may demand controlling ownership, risking
founder's loss of control.
✔✔Build Value First - ✔✔Strengthening the business before seeking investors reduces
how much equity you must give up.
✔✔Debt Financing - ✔✔Obtaining capital through loans that must be repaid with
interest.
✔✔Debt Sources - ✔✔Banks, commercial lenders, credit unions, or personal credit
lines.
✔✔Loan Variability - ✔✔Loan terms differ across banks (installments vs. balloon
payments).
