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CSBFA Program Quiz 2021 Flashcards | StudBud
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CSBFA Program Quiz 2021
CSBFA Program Quiz 2021
17 terms
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StudBud Administration
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How well do you know the CSBFA Program?
Flashcards
17 cards
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Questions
17
Answers
1
What is the maximum loan a borrower can get if they don't have real estate security?
$750,000
$500,000
$1,000,000
$350,000
2
Which of the following is NOT an eligible form of proof of payment?
Cancelled Cheque
Bank Draft
Till Receipt
MasterCard Statement
3
Which of the following is NOT an eligible borrower?
Sole Proprietor
Farming Business
Corporation
Partnership
4
Which of the following are eligible under the CSBFA Program?
GST
Shares
Goodwill
Shipping
5
When it comes to website/app/software development, which of the following are NOT eligible?
Hardware
Initial Graphic Design
Planning
Software
6
If a borrower pays cash for an item, what is the most that they can be reimbursed per invoice?
$500.00
No Limit
$250.00
$350.00
7
From left to right, name these fearless leaders...
Laura, Deb Lynette
Medium Hair, Large Hair, Small Hair
Deb, Lynette Laura
Lynette, Wayne, Colin
8
Can CSBFL financing be in the name of a Holdco?
No, absolutely not
Yes, but on an exception basis only
Yes, if the Holdco and Opco have dealings with ATB
9
Which of the following is NOT eligible to finance?
Inventory
Real Property
Leasehold Improvements
Equipment
10
F3333 can be utilized one time to extend the Availability Date to the max of 180 days from approval date.
True
False
11
According to ATB Policy, is it currently mandatory to complete a Site Visit prior to final disbursement on the CSBFL?
Yes
No, but it's a nice to have
No
12
AFC approved Dec 4. Invoice dated May 15 and paid Jun 30. Based on the dates, the invoice is eligible for reimbursement.
False
True
13
From left to right name these fearless leaders...
Scholar, Commander, Hippie, Dealer
Myron, Colin, Ryan, Jon
Ron, Colin, Lynette, Laura
Ron, Colin, Ryan, Wayne
14
What is the minimum # of days that a borrower has to wait if they have a CSBFA and an ATB business term loan?
365 days
180 days
31 days
29 days
15
A CSBFA Approved Solicitor is always required to be engaged on a CSBFL file
False
True
16
How much is the registration fee for?
1%
0.5%
Up to lender’s discretion
2%
17
According to ATB Policy, interest rate discretion is available on a variable rate CSBFL
True
False
