SBA Form 1920 (Revised 09/20)
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The small business concern has demonstrated that the loan will allow it to improve its competitive position.
Yes No
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Lender will 1) take a first lien on the fixed assets financed (or re-financed) with this loan or on other assets of the
small business concern; or 2) take a second lien on the fixed assets financed (or re-financed) with this loan or on
other assets of the small business concern and Lender has determined that the second lien provides adequate
assurance of the payment of the loan and the Lender will submit the application for non-delegated processing.
Yes No
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Collateral is located in the United States, its territories, and possessions.
Yes No
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Lender has reviewed the Ex-Im Bank Country Limitation Schedule (CLS) to verify that the U.S. Government has
not restricted trade with any foreign country that the applicant does business with (i.e., no country is identified on
the CLS by Note #7).
Yes No
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If the loan is for a change of ownership, the Lender has followed the requirements of SOP 50 10 for changes of
ownership financed by IT loans.
Yes No
Export Express (If any question below is answered "No," loan is not eligible.)
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The Applicant business has been operating, although not necessarily in exporting, for at least 12 full months. If
less than 12 months, the Applicant's key personnel have clearly demonstrated export expertise and substantial
previous successful business experience, AND the Lender processes the Export Express loan using conventional
commercial loan underwriting procedures and does not rely solely on credit scoring or credit matrices to approve
the loan. For non-bank Lenders that do not have a conventional loan portfolio, a written approval from the Office
of Credit Risk Management for their underwriting procedures has been obtained prior to making the Export
Express loan.
Yes No
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Loan proceeds will be used for an export development activity as defined in the SOP 50 10.
Yes No
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If proceeds are being used to finance indirect exports, the Applicant has provided documentation to Lender from
the Applicant's domestic customer (typically in the form of a letter, invoice, order or contract) that the goods or
services are in fact being exported.
Yes No
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Proceeds will not be used to finance operations outside of the United States, except for the marketing and/or
distribution of products/services exported from the United States.
Yes No
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If proceeds are being used to finance specific export transactions (including indirect exports), Lender has
determined that U.S. companies are authorized to conduct business with the proposed country(ies) to which the
goods or services will be shipped and has reviewed the Ex-Im Bank Country Limitation Schedule (CLS) to verify
that the U.S. Government has not restricted trade with any foreign country that the applicant does business with
(i.e., no country is identified on the CLS by Note #7), and the Lender has complied with any OFAC review
requirements.
Yes No
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Loan will not refinance an existing SBA-guaranteed loan, except as allowed under SOP 50 10.
Yes No
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If the loan is for a change of ownership, the Lender has followed the requirements of SOP 50 10 for changes of
ownership financed by Export Express loans.
Yes No
Export Working Capital Program (EWCP) - (If any question below is answered "No," loan is not eligible for EWCP.)
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Applicant has been in business for at least 12 months, OR if in business for less than 12 months, the Lender has
included in its Credit Memo a recommendation for a waiver of the 12-month requirement and a justification based
upon the Applicant's demonstrated export expertise and previous business experience, and will be submitted under
non-delegated processing.
Yes No
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If Applicant is an export management company (EMC) or export trading company (ETC), the EMC or ETC will
take title to the goods or services being exported and the EMC or ETC has no bank ownership.
Yes No
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If proceeds are being used to finance indirect exports, the Applicant has provided documentation to Lender from
the Applicant's domestic customer (typically in the form of a letter, invoice, order or contract) that the goods or
services are in fact being exported.
Yes No
•
For the specific export transactions being financed (including indirect exports), Lender has determined that U.S.
companies are authorized to conduct business with the proposed country(ies) to which the goods or services will
be shipped and has reviewed the Ex-Im Bank Country Limitation Schedule (CLS) to verify that the U.S.
Government has not restricted trade with any foreign country that the applicant does business with (i.e., no country
is identified on the CLS by Note #7), and the Lender has complied with any OFAC review requirements.
Yes
No
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Proceeds will be used only to finance export transactions, refinance an existing EWCP loan or export line of
credit, and/or support standby letter(s) of credit for export transactions.
Yes No
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If the loan will be used to refinance an existing EWCP loan or export line of credit, the Lender has followed the
requirements of SOP 50 10 applicable to EWCP refinancing.
Yes No
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The Applicant will provide a first security interest sufficient to cover 100 percent of the EWCP loan amount, and
all collateral is located in the United States, its territories or possessions.
Yes No
• Lender must collect and retain the following information:
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Copy of letter(s) of credit and/or copy of buyer's order/contract, if required.
Yes No
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Export credit insurance-related material (policy, application, buyer credit limit), if required.
Yes No
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Copy of export license(s), if required.
Yes No