Get Lender's Application For Guaranty (please Print Legibly Or ... - Sba

Completing the Lender's Application for Guaranty is essential for lenders seeking SBA loan guarantees. This guide will provide step-by-step instructions to help you navigate the form efficiently and accurately.

Follow the steps to successfully complete the application.

1. Press the 'Get Form' button to access the form and open it in the available editor format.
2. In Section A, provide the lender's name, contact details (phone, fax, email), address, the applicant business name, and the NAICS code. Make sure all fields are filled accurately.
3. In Section B, specify the loan terms. Fill in the SBA Guaranty percentage, loan amount, term of the loan, and full monthly payments. Indicate if the loan is fixed or variable rate and provide the necessary details.
4. In Section C, indicate the use of proceeds. Check all relevant boxes for the intended use of funds, such as equipment purchases or working capital, and provide details on collateral as required.
5. For Section D, complete the eligibility questionnaire as needed. Make sure this section complies with the SBA requirements for the specific loan program.
6. In Section E, collect and retain the necessary financial statements from the applicant. This includes analyzing their financial status and submitting necessary documents to the IRS.
7. For Section F, include the lender's comments and credit memorandum that provide insights into the credit decision process based on the applicant's profile.
8. Finally, in Section G, the lender must certify the application by signing and dating the form, confirming the accuracy of the details provided.
9. Once all sections are completed, save the changes, and you may download, print, or share the form as needed.

Complete your SBA forms online effortlessly to ensure your loan application process is smooth and efficient.