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SUPPORTING STATEMENT FOR SBA FORM 770 OMB Approval No. 32450012 Summary of Revisions: Form 770 is currently used by borrowers in SBA's 7(a), 504, and Disaster Loan Programs; however, use by the Disaster
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01
To fill out a supporting statement for SBA, follow these steps:
02
Start by providing your personal information, including your name, address, contact details, and the name of your business.
03
Clearly state the purpose of the supporting statement. Explain why you need financial assistance from the Small Business Administration (SBA) and how it will benefit your business.
04
Include detailed information about your business, such as its history, products or services offered, target market, and current financial situation.
05
Describe any challenges or setbacks your business has faced, and how the SBA funding will help overcome them.
06
Clearly explain how the funds will be used and how they will contribute to the growth and success of your business.
07
Provide supporting documents, such as financial statements, business plans, and any other relevant records that demonstrate the viability of your business and the need for financial support.
08
End the supporting statement by expressing gratitude for considering your application and reiterating the importance of the SBA assistance for your business.
09
Remember to proofread your supporting statement before submitting it and ensure that all the necessary information is included.

Who needs supporting statement for sba?

01
Small business owners who require financial assistance for their business can benefit from a supporting statement for SBA. This includes entrepreneurs who are starting a new business, existing businesses looking for expansion or recovery funds, and businesses that have experienced setbacks or challenges due to unforeseen circumstances. The supporting statement helps these individuals or entities convey their need for financial support and convince the SBA of the potential benefits of providing assistance.
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A supporting statement for SBA is a document that provides additional information or explanation to support an application or report submitted to the Small Business Administration (SBA).
Any individual or business entity submitting an application or report to the SBA that requires additional information or explanation is required to file a supporting statement.
The supporting statement for SBA can be filled out by providing relevant details, explanations, and any necessary supporting documents as requested by the SBA.
The purpose of a supporting statement for SBA is to provide additional information or clarification that is required to support an application or report submitted to the SBA.
The information reported on a supporting statement for SBA may vary depending on the specific application or report being submitted, but generally includes relevant details, explanations, and supporting documents.
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