SBA Form 1919 is the borrower information form required by the SBA. This form includes personal identifying information as well as responses to 26 questions. Questions range from citizenship status to the potential jobs created or retained through the loan. Following the right steps when filling out SBA Form 1919 can prevent delays in your…
How to Get an SBA Restaurant Business Loan in 4 Steps
Restaurant business loans are tough to qualify for because lenders perceive the restaurant industry as volatile. Loans backed by the Small Business Administration (SBA) make it so lenders are more willing to issue these loans to buy a restaurant, open a new location or obtain working capital. SBA loans have rates between 5 percent to…
SBA Form 159 – What It Is & How to Fill It Out
You’re required to submit SBA Form 159 if you or your lender hires a loan packager, referral agent, broker, accountant, attorney, or consultant to help prepare or secure your SBA loan. SBA Form 159 is less common than other SBA forms, only being filled out by less than half of all SBA loan applications every…
SBA Form 912 – What the Statement of Personal History Is & How To Fill It Out
SBA Form 912, the Statement of Personal History, is used to determine a borrower’s trustworthiness and evaluate whether applicant’s or their business partners have any criminal history. The information gathered by Form 912 helps the SBA determine if borrowers are of “good character.” Completing the form accurately and in detail will help prevent delays or…