SBA Form 1920 2013 free printable template
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OMB Control No.: 3245-0348 Expiration Date: 08/31/2014 LENDER S APPLICATION FOR GUARANTY FOR ALL 7(a) PROGRAMS The purpose of this form is to collect identifying information regarding the lender,
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How to fill out SBA Form 1920
How to fill out SBA Form 1920
01
Gather necessary information: Collect all required documents such as your business financial statements, ownership details, and any loan specifics.
02
Complete the top section: Provide your business name, address, and contact details.
03
Fill out ownership information: List all principal owners and their ownership percentages.
04
Detail business structure: Indicate whether your business is a corporation, partnership, or sole proprietorship.
05
Provide financial information: Enter your business's income, expenses, and net profit or loss.
06
Explain the purpose of the loan: Clearly state how the funds will be utilized for your business.
07
Sign and date the form: Ensure that the form is signed by an authorized representative of the business.
Who needs SBA Form 1920?
01
SBA Form 1920 is needed by small businesses seeking financial assistance through the SBA's loan programs, particularly those applying for 7(a) loans.
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What is SBA Form 1920?
SBA Form 1920 is the application form used for applying for a Small Business Administration (SBA) loan. It collects essential information about the business and the loan request.
Who is required to file SBA Form 1920?
Business owners seeking financial assistance from the SBA, specifically those applying for 7(a) loans or 504 loans, are required to file SBA Form 1920.
How to fill out SBA Form 1920?
To fill out SBA Form 1920, applicants must provide accurate and detailed information about their business, including ownership details, financial statements, the purpose of the loan, and other required disclosures. It's advisable to follow the instructions provided with the form carefully.
What is the purpose of SBA Form 1920?
The purpose of SBA Form 1920 is to collect information from borrowers to assess their eligibility for SBA loan programs and to ensure the effective processing of loan applications.
What information must be reported on SBA Form 1920?
Information required on SBA Form 1920 includes company information, loan amount requested, business description, financial statements, owner information, and any relevant personal financial information from the business owner(s).
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