Revised for SOP “H” 2/1/2016
SBA 7(a) CA & Small Loan Submission Checklist
(
Do not for use for Loans Greater than $350,000, Caplines or International Trade Loans)
7(a) LGPC – Submission Cover Sheet should be included with all contact information and sections completed.
SBA Form 1919 - Borrower Information Form – for each proprietor, general partner, officer, director, managing member of an
LLC, owner of 20% or more of the equity of the Applicant, Trustor (if the Small Business Applicant is owned by a trust), and any
person hired by the Applicant to manage day-to-day operations. *Must be dated within 90 days of submission to SBA.
SBA Form 1920 – Lender Application – Page 1 & 2 are required for all loans. Page 3 is required where a business acquisition is
involved. Applicable sections of pages 4-12 are required along with page 13 signed by the Lender for all loans. *See attached
loan information addendum form for use where there are multiple borrowing entities.
Community Advantage Addendum
– (applies only to CA loans)
Tab 2 – Lender’s Credit Memorandum
Lender’s Credit Memo – Required for all applications. For loans up to
and including $350,000 (except for Capline and International
Trade Loan requests) see the current SOP 50 10 5(H), pages 158-161 for complete Lender Credit Memo requirements.
Business Debt Schedule – Required for all businesses that reflect long-term debt on their most current BS. All debts should be
listed with any debt that is being refinanced with the subject loan request noted. *Including Co-Borrowers, Affiliates & EPC.
Tab 3 – Draft Authorization
Draft Loan Authorization - (required only for CLP, but suggested for all others)
Tab 4 – Personal Information (Owner/Operator/Guarantor)
SBA Form 912 “Statement of Personal History” – Required only if question 1, 2, or 3 on the Borrower Application (Form 1919) is
answered “Yes” (see SOP 50 10 5(H), page 195). *Must be dated within 90 days of submission to SBA
Documentation of Alien Status, for all non-US citizens (see the SOP 50 10 5(H), pages 101-102)
Tab 5 – Other Processing Documents
Business Valuation (by lender or 3rd party, as applicable), when required for a change of ownership (see the SOP 50 10 5(H),
pgs. 172-173 for detailed information).
Copies of all Notes & Leases to be Refinanced, and if they are Same Institution Debt, payment transcripts for the Last 36
months, along with an explanation of any reported late payments or charges. – Lender must indicate in their credit memo that they
have properly documented their credit file per the requirements as outlined in the SOP 50 10 5(H), page 112.
Tab 6 – (N/A for CA & Small Loans) Ye
No
/
Tab 7 – (N/A for CA & Small Loans) Ye
No
/
Tab 8 – Supporting Docs (Eligibility) Ye
No
/
Franchise, Dealership & Licensee Agreement – If listed on the Franchise Registry at www.franchiseregistry.com and a
Certificate is available, only provide a fully completed Franchise Certification signed by an authorized agent for the franchise.
Business / Stock / Asset Purchase Agreements – Required when a business is to be acquired with an SBA loan.
Real Estate Purchase Agreements – Required when real estate is to be purchased with the SBA loan proceeds.
Other Agreements, such as Fuel Supply Agreement or agreement where there may be a single supplier source for the business.
Tab 9 – Supporting Docs (Collateral) Ye
No
/
Real Estate Appraisals – Required at submission only for OREO Properties.
Please see the SOP 50 10 5(H), page 110 to determine your responsibility as a lender for appraisal review.
Environmental Investigation Reports (see the SOP 50 10 5(H), pages 175-181 for detailed information).
Lease Agreement, with terms (including options to renew) at least as long as the term of the loan, if applicable.
Tab 10 – Supporting Docs (Other) Ye
No
/
Other Supporting Documents Not Identified Elsewhere such as Articles of Organization, Business Licenses, Documentation of
Law Suits, Judgments and Bankruptcy or other pertinent documentation.
Note: All forms must be completed in their entirety, and signed and dated.
