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The partnership agreement represents the delegation of the SBA's 8(a) contract execution authority to other federal agencies. The purpose of the partnership agreement is to streamline the contract execution process between the SBA, the participating federal agency and the 8(a) participant.
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.
What is an SBA 750 Agreement?
SBA Form 750, Lender's Loan Guaranty Agreement (Deferred Participation) is a document signed by the lender and the Small Business Administration (SBA) where the SBA effectively guarantees a portion of a qualifying loan a lender makes by agreeing to buy an undivided interest in a defaulted loan.
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This Agreement supplements the Loan Guarantee Agreement, SBA Form 750, and, if applicable, SBA Form 750B (for short-term loans), between Lender and SBA.
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