Question 1

What documents do I need for an SBA 7(a) loan application?

Accepted Answer

A complete SBA 7(a) loan package typically requires SBA Forms 1919, 413, and 4506-C for each 20%+ owner, three years of business and personal tax returns, interim financial statements dated within 60 days, a debt schedule, 12 months of bank statements, a business plan, and business formation documents. Startups may need additional documentation for equity injection and franchise agreements.

Question 2

What is SBA Form 1919?

Accepted Answer

SBA Form 1919 is the Borrower Information Form, required for every SBA 7(a) loan application. It collects business details, loan request information, and personal data for each owner with 20% or more ownership. It also includes eligibility screening questions about criminal history, lawsuits, and prior SBA loans.

Question 3

What is SBA Form 413?

Accepted Answer

SBA Form 413 is the Personal Financial Statement. Each owner or guarantor with 20% or more ownership must submit one. It lists all personal assets (cash, investments, real estate, vehicles) and liabilities (mortgages, credit cards, loans) to calculate net worth. Lenders use this to evaluate the personal financial strength of each guarantor.

Question 4

What is IRS Form 4506-C?

Accepted Answer

IRS Form 4506-C authorizes the SBA lender to request your tax transcripts directly from the IRS. This verifies that the tax returns you submitted match what was actually filed. Each 20%+ owner must sign one, and the business entity needs a separate one.

Question 5

How do I know if my SBA loan package is complete?

Accepted Answer

Use our document checklist to track every required item. Common mistakes include mismatched business names across forms, ownership percentages that do not total 100%, and a use of proceeds breakdown that does not match the requested loan amount. Our consistency checker flags these issues automatically.

Question 6

Can I save my progress and come back later?

Accepted Answer

Yes. All form data is automatically saved in your browser. You can close the page and return later to pick up where you left off. If you are logged in, your business profile data will pre-fill common fields like business name, industry, and revenue.

SBA Loan Package Builder

SBA Forms (Required)

Financial Documents (Required)

Business Documents (Required)

Startup-Specific (if less than 2 years in business)

Loan-Specific

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