Get the free SBA Form 1624: Certification Regarding Debarment ...

Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion Lower Tier Covered TransactionsThis certification is required by the regulations implementing Executive Order 12549,

How to fill out sba form 1624 certification

How to fill out sba form 1624 certification

1. To fill out SBA Form 1624 certification, follow these steps:
2. Start by downloading the form from the Small Business Administration (SBA) website.
3. Fill in the applicant's name, address, and contact information at the top of the form.
4. Provide the financial institution's name, address, and contact information.
5. Indicate the type of loan program for which the certification is being submitted.
6. Fill out the borrower information section, including details such as the loan amount, the date of the application, and the loan number.
7. Answer the certification questions honestly and accurately.
8. Sign and date the form, providing your printed name and title beneath your signature.
9. Submit the completed form to the appropriate party as instructed by the SBA.

Who needs sba form 1624 certification?

1. SBA Form 1624 certification is required for individuals or businesses seeking a loan from the Small Business Administration. It is necessary for those applying for an SBA-guaranteed loan or participating in an SBA loan program. This certification ensures that the borrower meets all the eligibility requirements and complies with the regulations set by the SBA.

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What is sba form 1624 certification?

SBA Form 1624 is a certification form used by the U.S. Small Business Administration to verify that a business is compliant with certain federal requirements, often related to government contracts.

Who is required to file sba form 1624 certification?

Entities that are seeking to receive federal government contracts or grants and have been awarded a contract that requires this certification must file SBA Form 1624.

How to fill out sba form 1624 certification?

To fill out SBA Form 1624, the applicant must provide accurate information about their business, including ownership details, compliance with federal laws, and any prior performance on government contracts, ensuring all sections are completed as instructed.

What is the purpose of sba form 1624 certification?

The purpose of SBA Form 1624 is to certify that the business meets the eligibility criteria for federal contracting and has complied with the relevant laws and regulations.

What information must be reported on sba form 1624 certification?

Information that must be reported includes the business's legal name, structure, ownership details, compliance statements, and past performance on federal contracts.