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SBA Form 2210 Instructions for Draws of Leverage - sba

SBA Form 2210 Instructions for Draws of Leverage - sba-2025

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The document provides detailed instructions for New Markets Venture Capital Companies (NMVCC) on how to request a draw against the Small Business Administration's (SBA) commitment to guarantee Debenture Leverage. It outlines the procedures, required documents, and deadlines for submitting Draw Requests, including forms such as the NMVC Debenture and financial statements. The document emphasizes compliance with SBA regulations and the importance of timely submissions to ensure funding.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the SBA EIDL loan for?

Program summary The COVID-19 Economic Injury Disaster Loan (EIDL) and EIDL Advance programs provided funding to help small businesses recover from the economic impacts of the COVID-19 pandemic.

Am I personally liable for an SBA loan?

Am I personally liable for an SBA loan? Yes, SBA loans require that any owners with at least a 20 percent stake in the business sign an unconditional personal guarantee.

Who is eligible for SBA 7 a personal guarantee?

Personal Guarantees Individuals owning at least 20% of a borrower entity must provide an unlimited personal guaranty on SBA loans. For 7(a) loans, Lenders have the option of using the SBA Form 148 or their own equivalent guaranty form.

What is the SBA form 2128?

The document is an Unconditional Limited Guarantee from the U.S. Small Business Administration (SBA) outlining the obligations of a Guarantor to repay amounts owed under a promissory note (the Note) in case of default by the Borrower.

What is the SBA form 912?

SBA Form 912, also known as the Statement of Personal History, is a vital document used by the Small Business Administration (SBA) to evaluate the character of business owners, officers, directors, and loan guarantors applying for SBA loans, such as 504 and 7(a) loans.

What is the SBA leverage fee?

You must pay a leverage fee to SBA for each issuance of a Debenture or Participating Security. The fee is 3 percent of the face amount of the Leverage issued.

What is the 20% ownership rule for SBA?

Individuals who own 20% or more of a small business applicant must provide an unlimited personal guaranty. SBA Lenders may use this form.

SBA Form 2210 Instructions for Draws of Leverage - sba-2025

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