Forms

Please note: We highly recommend you download any forms directly from the SBA website.

• Borrower Information Form 1919 – Filled out by the borrower/guarantor, managers, and/or owners of more than 20% of the company

• Form 1920 – Filled out by the lender

• Form 912 – Statement of Personal History (only required if the borrower answered "Yes" to questions 2 or 3 on Form 1919)

• Form 601 – Agreement of Compliance (if loan proceeds of more than $10,000 are to be used for construction purposes)

• SBA Form 159 – Fee disclosure forms and compensation agreement (only necessary if an agent is used, regardless of any agent fees or application fees paid by the borrower or lender)

• IRS Form 4506-T – Request for tax transcripts (required if the lender requests tax returns as part of their credit decision)

Eligibility: 

• Credit Alert Verification Reporting System (CAIVRS) – Check CAIVRS to ensure that the borrower/guarantor is free of any delinquent debt to the U.S. Government (user ID required).

• Check Franchise Registry (if necessary).

• Visit the System for Award Management website to make sure any and all agents & employees involved with the loan aren't excluded from doing business with the U.S. Government.

  • Lender's staff is only to be screened once.

  • The SBA website may also be used to check the exclusion status of agents.

Credit Analysis:

• Reason for guaranty qualification must be addressed.

Submission process:

• Forms are to be submitted via ETRAN.

  • Only information submitted via ETRAN should be sent to the SBA.

  • SBA documentation can be uploaded and saved using the "Document Upload" option.

  • "Lender Comments" can be used to show when CAIVRS and IRS transcripts are received and reviewed.

Closing process:

• The lender is to produce Loan Authorization. 

• Address late penalty fee and/or subsidy recoupment fees if applicable.

• Print a copy of the completed application using ETRAN's "Reports" feature, sign, and keep on file.

  • The Application Status Report must be printed using the same process, and also kept on file.

• Pay the Guaranty Fee.

• Once issued a loan number by the SBA, use Colson Reporting Services (1502) to report activities.

In this article:
1. SBA Express Loan Borrower Checklist 
2. Forms
3. Eligibility: 
4. Credit Analysis:
5. Submission process:
6. Closing process:
7. Get Financing