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Get the free SBA Form 1244 Application for Section 504 Loans

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What is SBA Form 1244

The SBA Form 1244 is a document used by small business loan applicants and Certified Development Companies (CDCs) to apply for Section 504 loans.

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Who needs SBA Form 1244?

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SBA Form 1244 is needed by:
  • Small business owners seeking funding
  • Certified Development Companies (CDCs)
  • Financial advisors assisting business clients
  • Banks reviewing loan applications
  • Government agencies overseeing loan programs
  • Non-profit organizations supporting small businesses

How to fill out the SBA Form 1244

  1. 1.
    Access pdfFiller and search for 'SBA Form 1244' in the search bar. Click on the form to open it in the editor.
  2. 2.
    Familiarize yourself with the layout of the form. Locate the fields that you need to fill out, including sections for 'Name of CDC' and 'Name of Borrower'.
  3. 3.
    Before starting, gather all necessary financial information, including income statements, debts, and credit history for both the borrower and the CDC.
  4. 4.
    Using your mouse or keyboard, click on each blank field to enter relevant information. Use the text tools to add details and checkboxes for selections.
  5. 5.
    Once all fields are filled, review each section for accuracy. Ensure that all required information is complete and correctly entered.
  6. 6.
    If you need to make changes, simply click on the text or field you wish to edit. Adjust any necessary details as needed.
  7. 7.
    Finalize the form by ensuring all fields are filled correctly, and use pdfFiller tools to check for any missed sections.
  8. 8.
    To save your work, click on the 'Save' button. Choose whether to download the completed form or save it to your pdfFiller account.
  9. 9.
    Follow submission guidelines, ensuring you've attached any required supporting documents. Submit the form electronically as directed by your CDC or the SBA.
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FAQs

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Contact Support
Eligibility for SBA Form 1244 generally includes small business owners and Certified Development Companies (CDCs) that meet the SBA's criteria for Section 504 loans.
There are typically no fixed deadlines; however, it is recommended to submit the SBA Form 1244 as soon as your project is in position for funding to avoid potential delays.
After completing the form, it can be submitted electronically through pdfFiller or printed and sent by mail to the relevant SBA office or CDC for processing.
Supporting documents usually include financial statements, business plans, and credit histories. Check with your CDC for specific requirements.
Common mistakes include leaving fields blank, using incorrect financial figures, or failing to attach necessary documents. Review all details thoroughly before submission.
Processing times can vary; however, applicants may expect a timeframe of several weeks depending on the workload of the SBA and the completeness of the application.
No, notarization is not required for completing the SBA Form 1244 as per the current guidelines.

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