Sba form 1368-2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your business information at the top of the form, including your business name and contact details.
  3. In the Monthly Sales Figures section, provide sales data for the past three years. If you need to estimate figures, mark them with a small letter 'e' after the number.
  4. Complete the financial forecast section if desired. This optional part allows you to outline expected income and expenses during the disaster period.
  5. Review all entries for accuracy and completeness before submitting. Ensure that totals reconcile with your tax returns.

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You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date shown on the top of the front page of your Original Note. During this deferment: You may make voluntary payments without prepayment penalties.
You may have been referred to SBA after applying for FEMA disaster assistance. If you still have unmet needs, loans may help with home repair or replacement, personal property, vehicles, mitigation, business losses, and working capital for small business and most private nonprofits.
You can generally use the money to do most anything for your business, with the exception of purchasing real estate or paying existing debts. Disaster Loan: While hopefully you never need to use this type of loan, it is available in the event of a natural disaster.
They should be in the loan packet the SBA gives you. Save receipts from any purchases you make with your loan for 3 years after your loan has been fully disbursed. You will need to show how you spent 80% of your loan.
To qualify for an SBA disaster loan you must operate a business located within a declared disaster zone. This might include a city, county, state, or country depending on the nature of the disaster.

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Home Disaster Loans Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles. SBA disaster loans also may be used to pay insurance deductibles, if needed.
With all that being said, lets look at what you can use your loan funds for when enlisting SBA participation. First lets get the BIG No-No out of the way. You cannot use an SBA Participation Loan for Personal Use.
These loans cover losses not fully compensated by insurance or other resources. Homeowners may be eligible for a disaster loan up to $500,000 to repair or replace damaged or destroyed real estate.

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