Get Sba 7(a) Borrower Information Form

This guide provides comprehensive instructions on how to effectively fill out the SBA 7(a) Borrower Information Form online. It offers clear and detailed guidance tailored for users of all experience levels, ensuring that every essential component is addressed.

Follow the steps to complete the SBA 7(a) Borrower Information Form.

1. Press the ‘Get Form’ button to access and open the SBA 7(a) Borrower Information Form in the editor.
2. Begin by entering the applicant business legal name. If applicable, specify the operating business legal name and any 'Doing Business As' (DBA) or tradename.
3. Enter the business TIN (EIN or SSN), followed by the primary industry/NAICS code, which is a six-digit code that categorizes your business.
4. Provide the business phone number and include a unique entity ID if available.
5. Indicate the year the business began operations and select the appropriate entity type from the provided options (sole proprietor, partnership, C-Corp, etc.).
6. Specify any special ownership types that apply, like Employee Stock Ownership Plan (ESOP) or tribally-owned business.
7. Fill in the business address with street, city, state, and zip code. Do not use a P.O. Box address.
8. If there is a project address different from the business address, provide that information as well.
9. Enter the primary contact name and email address. Then indicate the number of existing employees and FTE jobs that the loan will either save or create.
10. State the purpose of the loan, detailing amounts for categories like equipment acquisition, working capital, or real estate purchase.
11. List all owners who hold at least 20% ownership in the applicant, completing all required fields about each owner's legal name, title, ownership percentage, and home address.
12. Optional: Fill in the applicant owner's demographic information including veteran status, gender, race, and ethnicity.
13. Answer the eligibility questions truthfully, ensuring to provide any necessary details on a separate attachment if needed.
14. Finally, review the entire form for accuracy, then save changes. You may download, print, or share the completed form as necessary.

Start completing your SBA 7(a) Borrower Information Form online now for your business financing needs.