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The document is a form from the Small Business Administration (SBA) titled 'Statement of Personal History' that must be completed by individuals involved in a small business or development company seeking SBA assistance. It requires personal information, including ownership details, criminal history disclosures, and authorizations for background checks. The form emphasizes the importance of truthful responses and outlines legal consequences for false statements.

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2019	4.8 Satisfied (22 Votes)
2016	4.2 Satisfied (59 Votes)
2013	4.2 Satisfied (51 Votes)
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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is the SBA form 1920 still required?

SBA Form 1920 has been retired as of August 1, 2023.

What are the eligibility requirements the SBA looks at when determining loan qualification?

Eligibility requirements Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements. Not be a type of ineligible business. Not be able to obtain the desired credit on reasonable terms from non-federal, non-state, and non-local government sources.

What will disqualify you from an SBA loan?

What Disqualifies You From Getting an SBA Loan? The most common reasons SBA loans are denied are poor credit, too much-existing debt, or insufficient collateral. Other reasons include: Prior bankruptcy.

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. ing to the SBA, they use form 912 as one part of the assessment of program eligibility.

Can felons qualify for an SBA loan?

SBA loans are guaranteed by the U.S. Small Business Administration. This guarantee encourages banks and other lenders to loan money to small-business owners who dont qualify for other affordable financing. The SBA doesnt prohibit loans to borrowers who were previously incarcerated.

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SBA Form 912 no longer required Is SBA Form 912 still required SBA Form 912 instructions SBA Form 413 SBA Form 413 pdf SBA Form 1919 SBA Form 1081 SBA Form 1010 IND

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Who needs to fill out SBA form 1919?

To receive a 7(a) loan, small businesses must fill out Form 1919. A copy of the form must be filled out by each principal stakeholder or owner who controls at least 20% of the business, trustors, and anyone hired to run the business general operations.

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 character determination for SBA?

In evaluating whether the applicant satisfies the criteria for a 7(a) loan, SBA considers whether the applicant and each of its Associates possess good character. In making this determination, SBA considers the persons integrity, candor, and criminal history if any.

Get the up-to-date sba form 912 pdf 2025 now

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Got questions?

Is the SBA form 1920 still required?

What are the eligibility requirements the SBA looks at when determining loan qualification?

What will disqualify you from an SBA loan?

What is an SBA 912 form?

Can felons qualify for an SBA loan?

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Who needs to fill out SBA form 1919?

What is the 20% rule for SBA?

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