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U.S. Small Business Administration 504 DEBENTURE CLOSING CHECKLIST A. 504 Loan and Debenture Information 1. SBA Loan # 2. SBA Loan Name 3. Borrower 4. Operating Company 5. CDC Name and Number 6. Debenture.

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How to fill out the Sba Form 2286 online

This guide provides a user-friendly approach to completing the Sba Form 2286 online. It offers step-by-step instructions for each section of the form to ensure accuracy and efficiency.

Follow the steps to complete the Sba Form 2286 online

  1. Press the ‘Get Form’ button to access the Sba Form 2286 and open it in your preferred editor.
  2. In section A, fill out the information grid accurately. Input details such as the SBA Loan number, Loan Name, Borrower, Operating Company, CDC Name and Number, Debenture Amount, and Debenture Term.
  3. Complete item 8 regarding Priority CDC by selecting 'Yes' or 'No' as applicable.
  4. Record the date of this checklist in item 9, ensuring it reflects the current completion date.
  5. Enter the Authorization for Debenture Guarantee expiration date, ensuring it does not exceed the debenture sale date.
  6. Input the date you ordered the loan file from the Sacramento Loan Processing Center in item 11.
  7. In section B, provide contact details for the CDC representatives handling the closing, including names, email addresses, phone numbers, and fax information.
  8. Check the appropriate box to indicate whether the designated attorney is involved.
  9. For section C, ensure all required documents are listed and checked off according to your submissions for the closing package.
  10. Review the entire form for accuracy, then save the changes, download the completed form, and prepare it for sharing or printing.

Complete your Sba Form 2286 online today to ensure timely processing of your application!

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Unlike consumer mortgages that usually have 30 year terms, the repayment periods for the 504 program are typically for 10, 20 or 25 years.

Maximum SBA loan amount: Loans are generally capped at $5 million. Certain eligible energy-efficient or manufacturing projects may qualify for more than one 504 loan up to $5.5 million each. Interest rate: Below-market interest rates are fixed for the life of the loan.

If appraisal is less than 95% of the estimated value, then the SBA loan amount must be reduced, additional collateral secured or additional equity provided. If additional collateral or cash is not available, but cash flow coverage is strong and consistent, then SBA can be requested to approve the appraisal.

Closing Documents Borrowers Certification – (can be lenders or from SBA Authorization Boilerplate Appendix D) SBA Form 1050: Settlement Sheet (Use of Proceeds Certification) SBA Form 147: Note - 7(a) Loans. SBA Form 148: Unconditional Guarantee (if necessary)

Once the loan documents have been signed, the escrow officer delivers them back to the lender for review. When the lender is satisfied that all required documents have been signed and all outstanding loan conditions have been met, the lender will notify escrow that they are ready to disburse the loan funds to escrow.

Most 7(a) loans have a maximum loan amount of $5 million. However, SBA Express loans have a maximum loan amount of $500,000. SBA Export Express loans have a maximum loan amount of $500,000. The SBA's maximum exposure is $3.75 million ($4.5 million under the International Trade loan).

As we mentioned above, the owner occupancy requirement states that if you're using a SBA 504 loan to buy or renovate buildings, you must occupy at least 51% of the property. The remaining can be leased out to third parties. For new construction, the applicant must occupy at least 60% of the property.

SBA 504 LoanLoan sizeMinimum – $125,000 Maximum – $20 million +Interest rateFixedTerms25 years – real estate 20 years – real estate 10 years – equipmentDown Payment10% Borrower

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© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Your Privacy Choices
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232