Get Sba 2288

The Sba 2288 form is essential for certifying interim loans related to the financing of a project via the 504 Loan program. This guide provides users with clear steps to effectively complete the form online, ensuring accuracy and compliance with requirements.

Follow the steps to fill out the Sba 2288 online

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin by filling in the SBA loan number and the name associated with the loan at the top of the form.
3. Input the names of the borrower or borrowers as well as the operating company if applicable.
4. Specify the Certified Development Company (CDC) involved in the loan transaction.
5. Enter the address of the project property where the loan will be utilized.
6. Indicate the date of certification, making sure it is no more than 60 days prior to the proposed debenture funding.
7. Complete Section 1 by indicating the total amount of the interim loan disbursed, alongside any amount held in escrow for the project.
8. In Section 2, certify that the disbursement of the interim loan complies with the provided authorization for the debenture guarantee.
9. Confirm in Section 3 that the borrower has contributed the necessary cash, land, or property as outlined in the authorization.
10. If construction financing is involved, ensure to check the final completion of the project according to the specified plans and specifications in Section 4.
11. Detail any project cost overruns in Section 5, specifying how they were addressed.
12. In Section 6, confirm there are no unremedied substantial adverse changes in the condition of the borrower and operating company since the loan application was made.
13. Choose the appropriate option in Section 7 based on your relationship to the third-party lender mentioned in the authorization.
14. With all sections filled, review the form for accuracy and completeness, ensuring that all necessary information is provided.
15. Finally, you can save changes, download, print, or share the completed form as needed.

Complete your Sba 2288 form online today to ensure effective project financing.