Sba form 2462-2025

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42 votes

The document provides instructions for the use of SBA Form 2462, which is an addendum to the Franchise Agreement required for obtaining SBA-assisted financing. It outlines the updated franchise review process effective February 14, 2017, and details how to complete the form, including using drop-down menu options and filling in specific fields. Key provisions include conditions regarding change of ownership, forced sale of assets, covenants related to real estate, and employment terms between franchisor and franchisee. The addendum emphasizes compliance with SBA regulations and the consequences of providing false information.

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Click ‘Get Form’ to open SBA Form 2462 in the editor.
Begin by selecting from the drop-down menus at the top of the form. Choose 'Franchise', 'Franchisor', and 'Franchisee'. After each selection, press the 'tab' key to auto-populate these terms throughout the document.
Next, manually complete any remaining fields that are blank or contain prompts like '(Enter type of)' or '(type of agreement)'. Ensure that you do not alter any pre-filled text.
Fill in specific details such as names, addresses, and dates where indicated. Be thorough to avoid any delays in processing your form.
Review all entries for accuracy before finalizing your document. Once satisfied, proceed to sign and save your completed form.

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Versions	Form popularity	Fillable & printable
2018	4.8 Satisfied (197 Votes)
2017	4.1 Satisfied (42 Votes)

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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.

Do I need a franchise agreement?

Is a Franchise Agreement Required? The Franchising Code of Conduct (the Code) requires that every franchisor should provide a franchise agreement to prospective franchisees. Essentially, this document is the contract between yourself and the franchisor.

Is SBA Form 2462 still required?

Under the new SOPs, the required use of an SBA Addendum (either Form 2462 or a negotiated addendum) is being replaced by the one-time signing of a Franchisor Certification acknowledging the franchisors ongoing commitment to comply with the requirements necessary to be listed on the reinstated SBA Franchise Directory

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 purpose of the SBA Form 2462?

The purpose of the SBA Form 2462 is to formally document the terms of a franchise agreement for SBA financing. It protects the rights and obligations of both franchisors and franchisees under SBA regulations.

What is an SBA negotiated addendum?

What is a SBA addendum? The new SBA franchise agreement addendum process means franchise businesses may proceed through the loan application process more quickly and receive the needed SBA financing to purchasebuild a new franchise.