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How to fill out the SBA 1244 online
The SBA 1244 is an essential form for applying for a Section 504 loan, designed to aid small businesses in acquiring financing for various growth-related purposes. This guide provides clear, step-by-step instructions on how to effectively fill out the SBA 1244 form online.
Follow the steps to successfully complete your SBA 1244 application.
- Click the ‘Get Form’ button to access the SBA 1244 form and open it for editing.
- Begin with Part A of the form by entering the name of the Certified Development Company (CDC), the contact person's name, and their telephone number. Follow with the borrower's name and, if applicable, the name of the Small Business Concern.
- Ensure you indicate which exhibits are attached, marking them as 'X' for attached or 'N/A' for not applicable. This includes financial statements, personal history statements, and any required agreements.
- In Part B, fill out the details about the business structure, including the type of business, its location, and information regarding any participating lenders.
- Complete sections on the purpose and economic impact of the loan. This may include information on job creation, retention, and how the funds will be used.
- Move to the financial summary, providing a balance sheet and income statement for the business. Make sure to include historical data along with projections for future performance.
- Review the certifications and agreements in Part C, ensuring all statements are accurate and all necessary signatures are provided to validate the application.
- Once all sections are completed, save your changes. You can then download, print, or share the form as needed.
Complete your SBA 1244 application online to enhance your chances of obtaining the funding you need for your business.
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The SBA form 1244 is a crucial document used in the application process for certain small business loans under the Small Business Administration’s regulations. This form helps ensure that applicants meet eligibility criteria and provides essential information about the business. By completing the SBA 1244, you provide the SBA with necessary details regarding your business structure and financial status. Using our platform, US Legal Forms, you can easily access this form and receive the guidance needed to complete it accurately.
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