Get the free SBA Form 1244 - Dakota CDC
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SBA Form 1244 (2-14) Previous edition is obsolete. 8 -. U.S. SMALL BUSINESS ADMINISTRATION. PART C.
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How to fill out sba form 1244
How to Fill Out SBA Form 1244:
01
Start by downloading the SBA form 1244 from the official Small Business Administration website or obtain a physical copy from your local SBA office.
02
Begin filling out the form by providing your personal information, including your name, address, phone number, and Social Security number. Ensure that all information is accurate and up to date.
03
Move on to the section requesting details about your business. This includes the legal name of your business, its address, and contact information. If you have multiple locations, make sure to provide information for the main or head office.
04
Provide the date your business was established and the purpose of your loan. The purpose could be, for example, to finance assets acquisition, operational expenses, or working capital.
05
Indicate the type of ownership your business has, such as sole proprietorship, partnership, limited liability company (LLC), or corporation.
06
If your business is a franchise, include the franchise name and number, along with any additional information required by the franchisor, if applicable.
07
Specify the type of industry your business operates in, choosing from the available options provided on the form. If your industry is not listed, choose "Other" and provide a brief description.
08
Enter the loan amount you are requesting and a detailed explanation of how the loan proceeds will be used. Make sure to be specific and provide a breakdown of expenses, if possible.
09
Next, disclose whether your business or any of its affiliates have received funding from the SBA or any federal agency within the last three years. If so, provide details about the loans received.
10
If you are applying under a disaster declaration, select the appropriate box and provide the declaration number and date.
11
Review the form thoroughly and cross-check all the information you have entered. Ensure there are no mistakes or missing details that could delay the processing of your loan application.
Who Needs SBA Form 1244:
01
Small business owners who are applying for a loan from the Small Business Administration (SBA) may need to fill out Form 1244.
02
Form 1244 is specific to the SBA's loan programs and is commonly used to gather essential information about the borrower and their business.
03
Individuals seeking financial assistance for various purposes, such as starting a new business, expanding an existing one, or recovering from a disaster, may require SBA Form 1244.
04
Banks and other financial institutions that work with the SBA may also request borrowers to complete this form as part of the loan application process.
05
It is important to note that the SBA may periodically update their forms, so it is crucial to ensure you are using the most recent version of Form 1244 before filling it out.
In conclusion, to successfully fill out SBA Form 1244, follow the provided step-by-step instructions, paying attention to accuracy and completeness. Remember that this form is typically required by small business owners seeking financial assistance through SBA loan programs.
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What is sba form 1244?
SBA Form 1244 is a form used to report information about small businesses seeking financial assistance.
Who is required to file sba form 1244?
Small businesses seeking financial assistance are required to file SBA Form 1244.
How to fill out sba form 1244?
SBA Form 1244 can be filled out online on the official SBA website or manually by following the instructions provided on the form.
What is the purpose of sba form 1244?
The purpose of SBA Form 1244 is to collect information about small businesses applying for financial assistance.
What information must be reported on sba form 1244?
Information such as business details, financial statements, and the reason for seeking financial assistance must be reported on SBA Form 1244.
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