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Who must complete SBA Form 912?

The SBA uses this form to make a character and credit eligibility decision to fund or deny a loan. To be completed by business owners. SBA uses Form 912 as one part of its assessment of program eligibility.

What is a 3501 form?

The form is used by business owners to apply for assistance to repair or replace disaster-damaged real estate or business property.

Is SBA Form 912 still required?

For a sole proprietorship, only the owner will need to complete form 912. If you're in a partnership, all general partners, any limited partner with 20 percent or more equity, and any partner involved in managing the business must complete the form.

How do I fill out a personal financial statement?

How To Fill Out the Personal Financial Statement Step 1: Choose The Appropriate Program. ... Step 2: Fill In Your Personal Information. ... Step 3: Write Down Your Assets. ... Step 4: Write Down Your Liabilities. ... Step 5: Fill Out the Notes Payable to Banks and Others Section. ... Step 6: Fill Out the Stocks and Bonds Section.

Do SBA loans require audited financial statements?

(f) Notwithstanding the amount of a Participant's gross annual receipts, SBA may require audited or reviewed statements whenever they are needed to obtain more complete information as to a concern's assets, liabilities, income or expenses, such as when the concern's capacity to perform a specific 8(a) contract must be ...

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