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Click ‘Get Form’ to open the SBA Standby Creditor’s Agreement in the editor.
Begin by entering the SBA Loan Number and Name at the top of the form. This identifies the specific loan associated with this agreement.
Fill in the details for both the Standby Creditor and Standby Borrower, ensuring all names are accurate to avoid any discrepancies.
Specify the principal amount owed and interest amount due as of the date of this Agreement. This is crucial for clarity on financial obligations.
Indicate the Lender's name and Loan Number for reference. This connects your standby agreement to the lender's records.
Select one option regarding payment acceptance by checking the appropriate box. This outlines how payments will be handled until the Lender’s Loan is satisfied.
Complete any additional sections as required, including signing and dating at the bottom of the form to finalize your agreement.

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What is an SBA authorization?

SBA Authorization means, with respect to a SBA Loan, the Authorization for Debenture Guarantee (SBA 504 loan) from the SBA issued under the SBA 504 Loan Program providing the terms and conditions under which the SBA will guarantee a debenture the proceeds of which will be used to refinance a SBA Loan.

What is SBA Form 652?

(b) SBA Form 652, a certification by the concern you are financing that it will not illegally discriminate (see part 112 of this chapter). (c) SBA Form 1941 (for Section 301(d) Licensees only), executed both by you and by the concern you are financing.

What is an SBA 912 form?

SBA form 912 is a statement of personal history, and is one of several forms used by the SBA to help assess your character and your creditworthiness. According to the SBA, they use form 912 as one part of the assessment of program eligibility.

What is SBA Form 147?

Use this form to document key loan information such as the loan number, the interest rate, the lender, and the borrower.

What is the SBA form 1502?

This form is to be completed monthly by lenders participating in the SBAs 7(a) loan program in order to collect payment and loan information.

form 155

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