Get Fa$trak Borrower Information Form - Small Business ...
How it works
-
Open form follow the instructions
-
Easily sign the form with your finger
-
Send filled & signed form or save
How to fill out the FA$TRAK BORROWER INFORMATION FORM - Small Business online
Filling out the FA$TRAK Borrower Information Form is an essential step for small businesses seeking funding through various loan programs. This guide provides clear, step-by-step instructions to help users complete the form online, ensuring accuracy and compliance with all requirements.
Follow the steps to complete the form accurately.
- Click ‘Get Form’ button to obtain the FA$TRAK Borrower Information Form, then open it in your preferred editor.
- Provide the small business borrower name and lender name in the designated fields at the top of the form.
- Indicate the purpose of the loan and briefly describe the type of business. Ensure that these descriptions are clear and concise.
- Carefully read and answer the eligibility questions. If any response is 'No,' be mindful that the loan may not be eligible.
- Fill in the 'Size and Affiliation' section with detailed information including the primary industry of the applicant and its NAICS code.
- Provide the average annual receipts of the applicant's business for the last three fiscal years and the number of employees.
- Consult the SBA size standard and provide either the relevant details or check the alternative size standard if applicable.
- Indicate if the combined size calculation for the applicant and its affiliates meets the size standard.
- Complete the 'Terms of the Loan' section by specifying the loan maturity and ensuring it does not exceed SBA limits.
- List the interest rates applicable for your loan type and ensure they comply with SBA regulations.
- Final Review: Go back through the form to confirm all fields are filled correctly and there are no skipped questions.
- Once completed, you can save changes, download, print, or share the form to finalize your submission.
Start completing your FA$TRAK Borrower Information Form online today to secure your business funding.
The 20% rule for SBA loans refers to the requirement that a small business must have at least a 20% equity investment in the project being financed. This ensures that borrowers have a significant stake in their business, promoting responsible borrowing. When applying for the FA$TRAK BORROWER INFORMATION FORM - Small Business, it’s important to provide clear documentation of your equity contributions. This strengthens your application and demonstrates financial commitment.
Industry-leading security and compliance
-
In businnes since 199725+ years providing professional legal documents.
-
Accredited businessGuarantees that a business meets BBB accreditation standards in the US and Canada.
-
Secured by BraintreeValidated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.