Sba 147 Form 2019-2024

Sba 147 Form: What You Should Know

Standard loan form 147 Form 147 (06/03/02) Version 4.1. Use the following checklist to identify any special circumstances that affect the filing of a small business security-based loan application. Check the box for each item if the information is applicable. A. Loan Documentation. Check the box if the information is applicable. Please note that some lenders may require additional paperwork to be filed to support your application. Check only the boxes indicating applicable material. All the information in the application is to help SBA and the lender evaluate your business for credit. The lender does not need to know the details of your loan application before you make it. B. SBA Standard Loan Note (Form 147). Check the Box. You may also attach your completed and signed Standard Loan Note (Form 147), which you will receive as a printed document. C. Lender and Amount. You should keep the following information in mind when making a determination for whether to grant or deny a loan: Amount and Type : The type of business you have. If the type of business you are considering applying for an SBA loan is a sole proprietorship/business partnership or any other type of business, and you have not already been approved for an SBA loan before you file this application: If SBA has already approved your business for an SBA loan: Your name should appear as you have written the loan application, and the borrower should read the information in the SBA application carefully. If you already had been approved for an SBA loan: Your name should appear as you have written the loan application, and the Lender should read the information in the SBA application carefully. If your business does not already have SBA loan approval, but you are seeking an existing SBA loan: Use the information listed in Item 5 and the SBA Standard Loan Note (Form 147) attached to the application. If SBA has not given authorization for an SBA loan on your application: Make sure that your business is listed on the SBA approved business list, and the Lender should read the information in the SBA application carefully. It is possible that the lender is not authorized by the SBA for this type of business. D. Type of Business : You should keep the information in this section of the application in mind when your answer will be based on specific business types. 1.

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