Get Sba Form 1149 2021-2025

Filling out the SBA Form 1149, the lender's transcript of account, is an essential process for accurately documenting loan details. This guide provides clear, step-by-step instructions to help users complete the form online efficiently.

Follow the steps to accurately fill out and submit the SBA Form 1149.

1. Click ‘Get Form’ button to access the SBA Form 1149 and open it for editing.
2. Enter the name of the borrower in the 'Name of Borrower' field. This should be the trade name or the borrower's actual name if no trade name is used.
3. Input the ten-digit SBA loan number in the 'Loan Number' section.
4. Fill in the 'Name of Lender' with the lender's full name.
5. State the total approved amount of the loan in the 'Amount of Loan' field.
6. Specify the interest day basis for the loan in the corresponding field, for example, 30/365 or actual/365.
7. Describe the repayment terms as outlined in the loan note in the 'Repayment Terms' section.
8. Document the transaction dates for the loan account in the 'Date' field corresponding to each transaction.
9. Enter the amounts disbursed for each loan transaction in the 'Amount Disbursed' section.
10. Record the repayment amounts made by the borrower in the 'Amount Repaid' section.
11. For deferment periods, input 'B' (for Begin) or 'E' (for End) with the respective dates in the 'Deferment' section.
12. Indicate how the payments were applied to principal and interest in the 'Application of Payment' fields.
13. Enter the interest rate applicable at the time of payment in the 'Interest Rate' field.
14. Specify the 'Interest Paid' dates used for the computation of interest.
15. Provide the current principal balance after each transaction in the 'Principal Balance' field.
16. Sign and state your title to certify the accuracy of the transcript in the 'Signature and Title' section.
17. Enter the date of certification. Finally, submit the completed form to the appropriate SBA servicing center and retain a copy for your records.

Complete your SBA Form 1149 online today for a smooth submission process.