Get Omb Control No 3245

Filling out the Omb Control No 3245 form is an essential step for lenders managing Community Advantage loans. This guide aims to provide clear, step-by-step instructions to help users navigate the online version of this form effectively.

Follow the steps to complete the Omb Control No 3245 form online.

1. Click the ‘Get Form’ button to obtain the form and open it in the online editor.
2. Fill in the applicant name and lender name fields accurately. Ensure the information reflects the official documents.
3. In the purpose of loan section, clearly describe the intended use of the funds being requested.
4. Describe the type of business applicant operates, providing detailed information that highlights the operations and offerings.
5. Review eligibility questions carefully. Answer both statements regarding operational status and service availability to the general public truthfully. A 'No' answer could disqualify the loan.
6. Complete section A about size and affiliation. Enter the primary industry and NAICS code, and provide the average annual receipts and employee count as required.
7. Indicate the SBA size standard for the applicant. Make sure it aligns with the appropriate industry standards.
8. Fill out section B, confirming the liquid asset thresholds for the business owner's immediate family based on the loan amount.
9. In section C, detail the loan terms, ensuring they comply with SBA guidelines regarding loan size and interest rates.
10. Address all business types specific questions in section D, marking any that apply to ensure eligibility.
11. Proceed through sections E, F, G, and H, answering questions truthfully to maintain compliance with requirements.
12. Upon completion, review all entries for accuracy and correctness. Once satisfied, save changes and utilize options to download, print, or share the completed form.

Take the next step to manage your Community Advantage loan by completing the necessary documents online today.