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The SBA Form 1920 is the SBA lender's application for loan guaranty. In simple terms, this is where your lender formally asks the SBA to back your loan.
How to Fill out SBA Form 1919 Step 1: Fill in the identifying business information in Section I. ... Step 2: Complete questions 1 through 11 in Section I. ... Step 3: Complete questions 12 through 16 in Section I. ... Step 4: Review Section I and sign and date at the bottom of page 3 of the form.
What Is SBA Form 1919? The SBA uses from 1919 to collect information about your business, loan request, debt, business owners, and previous government financing. You'll need to complete this form and submit it (along with your other documents) to your SBA-approved lender to apply for an SBA 7(a) loan.
The purpose of this form is to collect identifying information about the applicant, loan request, indebtedness, principals of the business, and information on current or previous government financing.
SBA Express loans are the standard form of Express loan available to eligible small businesses operating in the U.S. or its territories. Approval times are much shorter than for most SBA loans, with the SBA responding to applications within 36 hours. Loans are available up to $500,000, with up to 50% backed by the SBA.