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Used by lenders for (1) each loan at the time the guarantee is issued, (2) conversion of an existing guaranteed loan to one with interest assistance, (3) payment of guaranteed loan fees, and (4) consolidation
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Lenders use it to assess the creditworthiness of borrowers.
Borrowers are required to file it for lenders.
It can be filled out online or in person with the lender.
The purpose is to provide financial information to lenders for loan approval.
Income, expenses, assets, and debts must be reported.
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