1201 borrower payments form-2025

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The document is a Borrower's Certification for a U.S. Small Business Administration (SBA) guaranteed loan, outlining the certifications and obligations of the borrower and operating company to the lender. It includes sections on receipt of authorization, adverse changes in financial condition, compliance with child support and immigration laws, environmental regulations, tax obligations, and restrictions on asset distribution and ownership changes. The borrower must initial specific paragraphs to certify their understanding and agreement before signing.

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Click ‘Get Form’ to open the 1201 borrower payments form in the editor.
Begin by reviewing the sections labeled A, B, and C. Each section contains specific certifications that need your initials next to the applicable paragraphs.
For each certification statement, read carefully and initial in the provided space if you agree with the statement. This includes confirming receipt of authorization, financial conditions, and compliance with laws.
Fill in any required fields such as loan numbers or dates where indicated. Ensure all information is accurate to avoid delays.
Once all sections are completed, review your entries for accuracy before proceeding to sign the document electronically within our platform.

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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.

How do I make my SBA loan payment?

To make payments to existing loans, including COVID EIDL, contact the SBA Secure Payment Portal at 833-853-5638 (TTY:711). MySBA Loan Portal Technical Assistance: Please contact MySBA Loan Portal Customer Service at cls@sba.gov. MySBA Loan Portal Customer Service cannot access your individual loan information.

How to pay off an SBA disaster loan?

Pay by phone For COVID-19 EIDL loans, contact the secure payment portal at 833-853-5638 (TTY:711) from 8:00 a.m. to 8:00 p.m. ET, Monday through Friday, or email CESC@sba.gov. For Disaster loans, contact the SBA Disaster Assistance Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov.

What is the 20% 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.

What is the monthly payment on a $50,000 business loan?

The range of monthly payments on a $50,000 business loan can start around $1,000 or less per month for a long-term, low-interest loan. For a short-term loan that youll have to pay off in one year, you can end up paying over $4,000 each month.

Do I have to pay back an SBA COVID loan?

Your Loan Will Go Into Default If you stop paying on your loan, it will go into default. Defaulting on an SBA loan can have serious consequences for your business and personal finances. Its best to address any financial difficulties early on and explore all options for repayment to avoid defaulting on your loan.

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Can you pay off your SBA loan early?

SBA loans have only a three year prepayment penalty for loans with maturities of terms fifteen years or more. These prepayment penalties only apply if you prepay more than 25% of the loan in any one year or if you pay off the entire loan early.

How do I make a payment on my SBA loan?

How to fill out SBA form 912?

What information is required to complete SBA Form 912? SBA Form 912 requires personal information such as name and address, citizenship status, and the percentage of the business owned by the applicant. All business owners (owners of any percentage of the business) must complete this form. It can be downloaded here.