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How to fill out the SBA 355 online
The SBA 355 form is essential for determining the size status of a business applying for assistance from the Small Business Administration (SBA). This guide will provide clear, step-by-step instructions to assist users in completing the form accurately and efficiently, ensuring compliance with SBA regulations.
Follow the steps to complete the SBA 355 form online effectively.
- Press the ‘Get Form’ button to access the SBA 355 form. This will allow you to open the form in your preferred online editor.
- Begin by filling in the business name and address in Part I, section 1a. Ensure that the information is accurate to avoid any delays.
- Complete section 1b with the name and title of the person authorized to provide information about the business. Include contact details such as telephone number, fax number, and email address.
- In section 1c, specify the county where the business is located. This is crucial for location-based assessments by the SBA.
- Section 1d requires you to indicate the size/status determination requested for various programs. Select the appropriate option that reflects your request.
- Provide the date of establishment or incorporation of the business in section 1e. Attach necessary documents if applicable, as specified.
- In section 1f, include the primary business activity by providing the relevant NAICS code.
- List the business’s major products or services in section 3 along with their respective NAICS codes and share of sales for the most recent fiscal year.
- In Part II, input the number of employees currently employed by the business in section 10a and the average number of employees for the past twelve months in section 10b.
- Complete Part III by stating the federal year ending tax date in section 11 and gross sales or receipts for the last three fiscal years in section 12.
- In Part IV, disclose information about affiliates if applicable, as required in section 13.
- Finalize your form by reviewing all sections, ensuring all answers are complete and accurate. After confirming, save changes, and consider downloading or printing the completed form for your records.
Complete the SBA 355 form online today to ensure your business receives the assistance it needs.
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Eligibility for SBA 355 financing primarily targets small businesses that meet certain criteria. Generally, these businesses must operate for profit and have a tangible net worth of less than $15 million, along with an average net income of less than $5 million after taxes. Additionally, businesses must not be engaged in illegal activities or have recent bankruptcy filings. Exploring the SBA 355 program can provide essential funding flexibility for eligible entrepreneurs looking to grow or stabilize their businesses.
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