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This document serves as an application for the 8(a) Business Development Program for Limited Liability Companies (LLCs). It collects detailed business and ownership information, eligibility criteria,
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How to fill out sba form 1010b
How to fill out SBA Form 1010B - LLC (6-98)
01
Gather necessary information about your LLC, including its legal name, address, and date of formation.
02
Fill out the basic information section with details about the principal office and the nature of the business.
03
Indicate the ownership structure, including member names and their respective ownership percentages.
04
Provide details about the management structure of the LLC, including members and managers.
05
Complete the section on financial information, including current assets, liabilities, and net worth.
06
Describe the purpose of the loan request and how it will be used.
07
Sign and date the form where indicated, ensuring that all information is accurate and complete.
08
Submit the completed form to the appropriate SBA office or lender.
Who needs SBA Form 1010B - LLC (6-98)?
01
Entrepreneurs or business owners looking to apply for an SBA loan for their Limited Liability Company (LLC).
02
Individuals who want to secure funding for business operations, expansions, or other financial needs through the SBA.
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What is SBA Form 1010B - LLC (6-98)?
SBA Form 1010B - LLC (6-98) is a loan application form used by the U.S. Small Business Administration (SBA) specifically for Limited Liability Companies (LLCs) looking for financial assistance.
Who is required to file SBA Form 1010B - LLC (6-98)?
LLCs seeking SBA loans must file SBA Form 1010B - LLC (6-98) as part of their application process to ensure eligibility and obtain funding.
How to fill out SBA Form 1010B - LLC (6-98)?
To fill out SBA Form 1010B - LLC (6-98), an applicant should provide accurate business information, financial details, and relevant disclosures as required by the form's instructions.
What is the purpose of SBA Form 1010B - LLC (6-98)?
The purpose of SBA Form 1010B - LLC (6-98) is to collect necessary information from LLCs applying for SBA loans to assist in evaluating their creditworthiness and business viability.
What information must be reported on SBA Form 1010B - LLC (6-98)?
The form requires reporting on the LLC's business structure, ownership, financial statements, projections, and other pertinent details that demonstrate the need for and ability to repay the loan.
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