Home
Forms Library
Sba form 1244 pdf 2004

Sba form 1244 pdf 2004-2026

sba form 1244 pdf 2004 Preview on Page 1

See details

4.4 out of 5

46 votes

The document is an application form for the U.S. Small Business Administration's Section 504 Loan program, which provides financial assistance to small businesses for purchasing fixed assets. It outlines the required exhibits and information that must be submitted by the borrower, including financial statements, personal history statements, and details about the business and its management. The form also includes certifications regarding compliance with various federal laws and regulations, as well as disclosures related to conflicts of interest and nondiscrimination.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out SBA Form 1244 PDF 2004 with Our Platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the SBA Form 1244 in the editor.
Begin with Part A, filling in the name of the Certified Development Company (CDC) and contact details. Ensure all fields are completed accurately.
Proceed to list the required exhibits by indicating if they are attached or not applicable. This includes financial statements and personal history statements.
In Part B, provide detailed information about the borrower and small business concern, including contact information and type of business.
Complete sections on proposed uses of funds and sources of funds, ensuring that all amounts requested align with your project needs.
Finally, review all entries for accuracy before signing. Use our platform’s tools to save your progress and ensure a smooth submission process.

Start using our platform today to fill out your SBA Form 1244 PDF for free!

See more sba form 1244 pdf 2004 versions

We've got more versions of the sba form 1244 pdf 2004 form. Select the right sba form 1244 pdf 2004 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2018	4.8 Satisfied (105 Votes)
2004	4.4 Satisfied (46 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

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.

Can I sell my business if I have a loan?

Yes, you can sell your business and the balance of the loan will be due on the sale. With the UCC in place, the attorney for the buyer will see it and obtain a payout amount from SBA and direct the putstamding balance to them. You will get whatever is left after they pay out the loan.

Are SBA 504 loans hard to get?

It may be harder to get an SBA 504 loan than other types of SBA loans. The SBA 504 loan has unique program criteria, including a job creation/public policy goal requirement. You must also meet all the standard SBA loan requirements, including good credit and strong revenue.

What disqualifies you from an SBA loan?

While SBA loans offer valuable support for struggling small businesses, certain hurdles may affect eligibility. Factors like poor credit, lack of collateral, reluctance to use assets, past government loan defaults, or a criminal record can pose challenges.

Are SBA 504 loans transferable?

Yes. If you sell your property, the buyer can assume the loan with SBA approval. A prepayment penalty does not apply.

What happens to my SBA loan if I sell my business?

Hi! Closing a business with an outstanding Small Business Administration (SBA) loan has several consequences. Primarily, the obligation to repay the loan does not disappear with the closure of the business. The borrower remains responsible for repaying the full amount of the loan ing to the terms agreed upon.

Can I sell my business if I have an SBA 504 loan?

Technically, yes. However, you will have to look at the security agreement. Some blanket security agreements for SBA loans include current assets and future acquired assets of the business.

What is the SBA form 1244?

Application for Section 504 Loans. 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 1244 pdf 2004-2026

Here's how it works