What Is SBA Form 912?
SBA form 912 is a statement of personal history, and is one of several forms used by the SBA to help assess your character and your creditworthiness. According to the SBA, they “use form 912 as one part of the assessment of program eligibility.” Further, they use “this form to make a character and
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SBA form 912 is a statement of personal history, and is one of several forms used by the SBA to help assess your character and your creditworthiness. According to the SBA, they “use form 912 as one part of the assessment of program eligibility.” Further, they use “this form to make a character and credit eligibility decision to fund or deny a loan.” All business owners (owners of any percentage of the business) must complete this form. It can be downloaded here.
This form is a single page on which you will provide information such as your name and address, previous names you have used, previous addresses, criminal history information, citizenship information, and the like. The reverse of the page provides legal notices concerning the Privacy Act and Paperwork Reduction Act.
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Related Questions
What is the purpose of SBA Form 912?
The purpose of SBA Form 912 is to provide the Small Business Administration (SBA) with information to assess your character and creditworthiness. It is used as part of the assessment of program eligibility and to make a character and credit eligibility decision to fund or deny a loan. All business owners (owners of any percentage of the business) must complete this form. It can be downloaded here.
The form is a single page on which you will provide information such as your name and address, previous names you have used, previous addresses, criminal history information, citizenship information, and the like. The reverse of the page provides legal notices concerning the Privacy Act and Paperwork Reduction Act.
Business owners and their partners should complete the form, including business owners with at least 20% equity in the company, officers and directors, and loan guarantors (co-signers). All applicants will need to provide personal information including name and address, citizenship status, and the percentage of the business they own.
What information is required to complete SBA Form 912?
SBA Form 912 requires personal information such as name and address, citizenship status, and the percentage of the business owned by the applicant. All business owners (owners of any percentage of the business) must complete this form. It can be downloaded here. Additionally, officers and directors, as well as loan guarantors (co-signers) must also complete the form.
How does SBA Form 912 affect the 504 loan process?
SBA Form 912 is used by the Small Business Administration (SBA) to assess the character and creditworthiness of applicants for the 504 loan program. The form is used to make a character and credit eligibility decision to fund or deny a loan. All business owners (owners of any percentage of the business) must complete this form. It can be downloaded here. The form includes personal information such as name and address, citizenship status, and the percentage of the business they own.
The SBA Form 912 is one part of the assessment of program eligibility for the 504 loan program. It is used to help the SBA make a decision on whether to fund or deny a loan. All business owners and partners must complete the form in order to be considered for the loan.
What are the benefits of using SBA Form 912?
SBA Form 912 is used by the Small Business Administration (SBA) to assess your character and creditworthiness. It is one part of the assessment of program eligibility for SBA loans. Completing this form helps the SBA make a character and credit eligibility decision to fund or deny a loan. It also provides the SBA with important information about the business owners, officers, directors, and loan guarantors. This form is a single page on which you will provide information such as your name and address, previous names you have used, previous addresses, criminal history information, citizenship information, and the like. The reverse of the page provides legal notices concerning the Privacy Act and Paperwork Reduction Act.
What are the risks associated with SBA Form 912?
The risks associated with SBA Form 912 are that if you fail to provide full and adequate details, the SBA will deny your application. Additionally, if you have been arrested in the past six months for any criminal offense, or have ever been convicted of a criminal offense (other than a minor vehicle violation), you must provide details on a separate sheet. This statement should be signed and dated and include any official court documents that support your statement. Source