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Get Sba Form 1253 - Sba.gov - Sba
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How to fill out the SBA Form 1253 - SBA.gov - Sba online
Filling out the SBA Form 1253 is a crucial part of the annual reporting process for Certified Development Companies (CDCs). This guide provides a step-by-step approach to completing the form, ensuring you can navigate each section with ease.
Follow the steps to effectively complete the SBA Form 1253 online.
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Begin by filling out the Economic Development Report section. Provide local economic information, including comments on the lending environment, loan activities, and economic strategies.
- Proceed to the Operating Report. List the officers, directors, and staff, organized by their areas of expertise and roles. Ensure to document any changes from the prior fiscal year.
- Complete the Financial Report, including audited financial statements based on the size of the 504 loan portfolio. Ensure compliance with all relevant regulations.
- Fill out the Analysis of 504 Employment Impact, clearly categorizing jobs created and retained based on funded debentures.
- Provide a detailed Report on Compensation for key personnel, including salary and bonuses.
- Ensure the Certification of Board of Directors is completed, with written confirmation from each member that they understand compliance requirements.
- Review all sections for completeness. Once finalized, users can save changes, download, print, or share the completed form as needed.
Complete your documentation online today to stay compliant with SBA requirements.
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