Get the free SBA Form 159 (504) - SBA.gov

OMB Approval No. 32450201 Expiration Date: 10/31/2017 FEE DISCLOSURE FORM AND COMPENSATION AGREEMENT For Agent Services In Connection With an SBA 504 Loan Purpose of this form: Section 13 of the Small

How to fill out sba form 159 504

How to Fill Out SBA Form 159 504:

1. Start by gathering all the necessary information and documents required to complete the form. This may include your personal identification, business details, financial statements, and any other supporting documents requested by the Small Business Administration (SBA).
2. Carefully read through the instructions provided with the form. Familiarize yourself with the specific requirements and guidelines to ensure accurate and complete completion of the form.
3. Begin the form by filling in the general information section, which typically includes your name, business name, contact information, loan amount, and loan purpose. Double-check the accuracy of the information before proceeding.
4. Move on to the financial information section, where you will be required to provide detailed financial statements and other relevant financial data. Ensure that you accurately enter all the necessary figures and calculations. Depending on the nature of your business, you may need to consult with an accountant or financial advisor to accurately complete this section.
5. If applicable, complete any additional sections or schedules that are specifically required for your loan application. Be thorough and provide any requested information accurately and completely.
6. Review the completed form to ensure there are no errors or missing information. It is recommended to double-check all the entries and cross-reference the information with the supporting documents you have gathered.
7. Sign and date the form in the designated areas. If required, have any necessary co-signers or authorized representatives also sign the form.
8. Make copies of the filled-out form and all supporting documents for your records.
9. Submit the completed SBA Form 159 504 and all the necessary attachments to the SBA or the designated authority according to the instructions provided. Ensure that you send the form within the specified deadlines to avoid any delays in processing your loan application.

Who Needs SBA Form 159 504:

1. Small business owners seeking long-term fixed-rate financing for asset purchases, such as real estate or significant equipment acquisitions, may need to fill out SBA Form 159 504.
2. Borrowers who wish to obtain funding through the SBA's 504 Loan Program, which provides financing assistance to eligible small businesses, may be required to complete this form.
3. Individuals or business owners who meet the eligibility criteria and are applying for a loan under the 504 program in collaboration with a Certified Development Company (CDC) will generally be required to submit SBA Form 159 504.

Please note that the specific requirements and eligibility criteria may vary, so it is essential to refer to the official SBA guidelines or consult with a trusted financial advisor for accurate and up-to-date information.

For pdfFiller’s FAQs

What is sba form 159 504?

SBA Form 159 504 is a form used by the Small Business Administration for the 504 loan program.

Who is required to file sba form 159 504?

Borrowers who have received a 504 loan from the Small Business Administration are required to file SBA form 159 504.

How to fill out sba form 159 504?

SBA form 159 504 can be filled out online on the Small Business Administration website or manually by downloading and completing the form.

What is the purpose of sba form 159 504?

The purpose of SBA form 159 504 is to report the status of the loan and provide financial information to the Small Business Administration.

What information must be reported on sba form 159 504?

SBA form 159 504 requires information such as financial statements, loan balance, use of proceeds, and business operations.

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