1244 form-2026

See details

4.8 out of 5

105 votes

The document is an application form for Section 504 loans provided by the U.S. Small Business Administration (SBA). It outlines the necessary information and exhibits required from loan applicants and Certified Development Companies (CDCs) to assess eligibility, creditworthiness, and project details. The form includes sections for borrower information, financial statements, project impact on jobs, and compliance with various federal regulations. It emphasizes the importance of accurate disclosures and certifications related to the applicant's financial status and legal standing.

Here's how it works

01. Edit your department omb 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 sba 1244 form via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out the 1244 form 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 1244 form in the editor.
Begin with Part A, entering the name of the Certified Development Company (CDC) and contact details. Ensure you provide accurate information for the borrower and small business concern.
In Part B, fill in details about the project, including its purpose and economic impact. Be thorough in explaining how it will create or retain jobs.
Proceed to Part VIII to outline proposed uses of funds. Clearly specify amounts for land, building, machinery, and other expenses.
Complete Parts IX through XIX by providing financial summaries and certifications required by law. Review each section carefully to ensure compliance with SBA regulations.

Start using our platform today for free to streamline your form completion process!

See more 1244 form versions

We've got more versions of the 1244 form form. Select the right 1244 form 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.

What is form 1244?

Purpose of This Form This form and exhibits are to be completed by the Small Business Applicant (Applicant) and the Certified Development Company (CDC). The information is used to review the Applicants eligibility for a loan, indebtedness, creditworthiness, and certain other disclosures.

What is a 1244 write off?

Section 1244 stock allows certain stock losses to be deducted as ordinary losses. Ordinary losses are fully deductible in the year of the loss, unlike capital losses, which are subject to limits. This tax provision benefits small businesses and startups by reducing their taxable income.

How do I order IRS Publication 1244?

You can get additional copies of Pub. 1244, Employees Daily Record of Tips and Report to Employer, which contains both Forms 4070A and 4070, by calling 1-800-TAX-FORM (1-800-829-3676) or by downloading the pub from the IRS website at .irs.gov.

What is the 1244 limit?

Section 1244 stock is a stock transaction pursuant to the Internal Revenue Code provision that allows shareholders of an eligible small business corporation to treat up to $50,000 of losses (or, in the case of a husband and wife filing a joint return, $100,000) from the sale of stock as ordinary losses instead of

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.