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This document is a request for information from small businesses receiving financing from SBICs to assist the SBA in oversight of its program. It includes questions about financing terms, ownership,
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How to fill out sba form 857

How to fill out SBA Form 857
01
Begin by downloading the SBA Form 857 from the official SBA website.
02
Fill in your business information, including the business name, address, and contact details.
03
Provide details about the loan amount requested and the purpose for the funds.
04
Complete sections related to business ownership and management.
05
Include financial information such as balance sheets or income statements if required.
06
Review all entries for accuracy and completeness.
07
Sign and date the form in the designated areas.
08
Submit the form as per the submission guidelines provided by the SBA.
Who needs SBA Form 857?
01
Businesses looking for financial assistance through the SBA loan programs.
02
Entrepreneurs seeking to establish or expand a business.
03
Companies that require federal funding for specific projects or operations.
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People Also Ask about
What is the SBA leverage fee?
You must pay a leverage fee to SBA for each issuance of a Debenture or Participating Security. The fee is 3 percent of the face amount of the Leverage issued.
What is form 468?
Your annual filing of SBA Form 468 must include an assessment of the economic impact of each Financing, specifying the full-time equivalent net jobs created and total jobs created or retained, and the impact of the Financing on the revenues and profits of the business and on taxes paid by the business and its employees
What is a small business investment company?
An SBIC is a privately owned company that's licensed and regulated by the SBA. SBICs invest in small businesses in the form of debt and equity. The SBA doesn't invest directly into small businesses, but it does provide funding to qualified SBICs with expertise in certain sectors or industries.
What is a form 468?
A complete filing of the audited Annual Financial Report, SBA Form 468, consists of the following: Excel Form 468. PDF document complete with auditor's opinion, audited financial statements, audited schedules, and auditor's notes.
What is the SBIC accrual debenture program?
Accrual Debentures are loans issued to SBIC Licensees at face value that accrue interest over a ten-year term, where SBA guarantees all principal and unpaid accrued interest.
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What is SBA Form 857?
SBA Form 857 is a form used to report the uses of funds by Small Business Administration (SBA) borrowers participating in the SBA's loan programs.
Who is required to file SBA Form 857?
Any business that has received an SBA loan and is required to report on its fund usage must file SBA Form 857.
How to fill out SBA Form 857?
To fill out SBA Form 857, borrowers need to provide their business information, loan details, and itemize the expenditures made with the loan funds according to the form's instructions.
What is the purpose of SBA Form 857?
The purpose of SBA Form 857 is to ensure that loan funds are used appropriately for the intended business purposes and to maintain compliance with SBA loan requirements.
What information must be reported on SBA Form 857?
SBA Form 857 requires reporting of the business's name, loan number, date, itemized expenses, total funds disbursed, and how the funds were used.
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