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Use this form to document key loan information such as the loan number, the interest rate, the lender, and the borrower.
The SBA Form 1050, Settlement Statement is used to collect information regarding the disbursement of the SBA loan proceeds. When used, the SBA Form 1050 must be signed by the borrower and lender sufficient to determine: The recipient of each disbursement; The date and amount of each disbursement; and.
1544 Lender Fee Payments Description: Lenders use this form to pay your SBA Loan Guarantee Fees, Care and Preservation of Collateral (CPC) Fees, Review Fees and/or Repair Fees.
This Form 1244 incorporates 504 Debt Refinancing updates made in the Economic Aid Act and is used to review the Applicants eligibility for a 504 loan.
SBA Form 652, Assurance of Compliance for Nondiscrimination.
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People also ask

The SBA now offers three programs struggling businesses can use to obtain forgivable operating funds provided they qualify. Amounts up to $10 million are available, depending on the program, circumstances, and qualifications.
Closing documents SBA Form 147: Note - 7(a) Loans (lenders also have the option of using their own note) SBA Form 148: Unconditional Guarantee (as necessary - lenders also have the option of using their own guaranty agreements) SBA Form 1050: Settlement Sheet (Use of Proceeds Certification) or comparable documentation.
As with traditional small business loans, borrowers still need to repay SBA loans. If you default on an SBA loan, it can affect your credit score and your future chances at other loans. The lender, though, will be able to ask for the payout from the SBA if the loan goes into default, which makes them less of a risk.

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