Get the free SBA Form 4

This form is used by applicants to list all collateral to be used as security for loans from the U.S. Small Business Administration, detailing real estate and personal property with specific information

How to fill out sba form 4

How to fill out SBA Form 4

1. Download the SBA Form 4 from the official SBA website.
2. Begin with Section 1: Provide your business name and contact information.
3. Move to Section 2: Specify the type of loan you are applying for.
4. In Section 3: Fill in your business's financial information, including revenue and expenses.
5. Proceed to Section 4: Detail the purpose of the loan and how funds will be used.
6. In Section 5: Provide information about business ownership and management.
7. Review all entries for accuracy and completeness.
8. Sign and date the form at the designated area.
9. Submit the form to the appropriate SBA office or lender.

Who needs SBA Form 4?

1. Small businesses looking for financial assistance through the SBA loan programs.
2. Entrepreneurs seeking funding to start or expand their business operations.
3. Organizations that require government-backed loans for business-related expenses.

People Also Ask about

What does SBA stand for in English?

Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream.

How do I fill out a SBA financial statement?

How to fill out SBA Form 413 Fill out personal and business contact information. List your assets and calculate total value. Add your liabilities. List sources of income. List any contingent liabilities. Share additional information about assets and liabilities.

What is SBA Form 1050?

Purpose: The purpose of this form is to document and verify that loan proceeds have been disbursed in ance with the Authorization and to document that the Borrower's contribution has been injected into the business prior to the Lender disbursing any loan proceeds.

What is the 20% rule for SBA?

Each individual or entity that owns 20% or more of the equity in a borrowing entity must provide an unconditional guarantee of the loan. If no individual or entity owns 20% or more of the borrower entity, at least one owner will be required to provide an unconditional guarantee.

What are SBA closing documents?

Closing documents SBA Form 1050: Settlement Sheet (Use of Proceeds Certification) or comparable documentation. SBA Form 159: Fee Disclosure and Compensation Agreement (as necessary) Borrowers Certifications. SBA Form 155: Standby Creditor's Agreement (as necessary) SBA Form 601: Agreement of Compliance (as necessary)

Is the SBA form 1050 still required?

While this form remains available on the SBA website, the Agency clarified that its use is no longer required for any disbursement of any size 7(a) loan. SOPs 50 10 7 and 7.1 removed the requirement that this form be used to document the first disbursement on Standard 7(a) loans (those over $500,000).

For pdfFiller’s FAQs

What is SBA Form 4?

SBA Form 4 is a financial form used by the Small Business Administration (SBA) as part of the loan application process to collect detailed information about an applicant's financial status.

Who is required to file SBA Form 4?

Individuals or businesses seeking to obtain a loan or financial assistance from the SBA are required to file SBA Form 4.

How to fill out SBA Form 4?

To fill out SBA Form 4, applicants must provide accurate financial details regarding their assets, liabilities, income, and expenses, along with any additional supporting documentation required by the SBA.

What is the purpose of SBA Form 4?

The purpose of SBA Form 4 is to assess the financial condition of applicants seeking funding, ensuring that they meet the eligibility criteria for SBA loans.

What information must be reported on SBA Form 4?

SBA Form 4 requires the reporting of personal and business financial information, including income, expenses, assets, liabilities, credit history, and any other relevant financial data.