SBA loan applications are paperwork-heavy. While lenders may assist, knowing how to complete these forms properly will speed up your process.
SBA Form 1919 – Borrower Information Form
This form gathers details about the applicant business and its owners:
- Section I: Info about the business. Be precise—mismatches with your IRS/EIN records can delay things.
- Section II: Info about all 20%+ owners.
- Watch for: Criminal history, past defaults on government loans, and affiliations. Be truthful—omissions will kill the deal.
SBA Form 413 – Personal Financial Statement
This shows your personal financial health:
- Assets: List your real estate, investments, and cash.
- Liabilities: Include mortgages, credit cards, and loans.
- Tips: Attach supporting docs. Overestimating assets or hiding debt will backfire on you.
SBA Form 912 – Statement of Personal History (if Requested)
This is needed only if you answer "yes" to certain 1919 questions (e.g., criminal record).
Other Common Forms:
- IRS Form 4506-C: Authorizes the SBA to pull your tax transcripts.
- Form 159: Discloses agent/lender fees.
Always double-check that all owner info matches exactly—no nicknames, typos, or mismatched addresses.
