{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/are-all-owners-of-an-applicant-business-required-to-sign-sba-form-1919","api_url":"https://dealroom.so/api/public/questions/are-all-owners-of-an-applicant-business-required-to-sign-sba-form-1919","question":"Are all owners of an applicant business required to sign SBA Form 1919?","topic":"Required forms","audience":"lender","bot_mode":"lender","short_answer":"No, not all owners are required to sign SBA Form 1919; typically, only those owning 20% or more, or individuals with control, must complete and sign it.","rule":"SBA Form 1919, the Borrower Information Form, collects critical eligibility and character information. It must be completed and signed by all Proprietors, General Partners, Managing Members, or individuals owning 20% or more of the equity of the applicant business. If an individual owns less than 20% but exercises control, they may also be required to complete it.","example":"In a corporation with three shareholders: Owner A (50%), Owner B (30%), and Owner C (20%). All three, A, B, and C, must complete and sign SBA Form 1919. If there was also Owner D (10%) with no control, D would not be required to sign the 1919.","what_lenders_check":"Lenders must correctly identify all required signatories for SBA Form 1919. Incomplete or improperly signed forms can lead to processing delays or eligibility issues down the line, potentially impacting the guaranty.","required_facts":["Ownership percentage","Control over business","Form 1919 signatory","Eligibility verification","Lender due diligence"],"source_families":["SBA Form 1919 - Borrower Information Form","SOP 50 10 - Lender and Development Company Loan Programs","13 CFR Part 120 - Business Loans"],"official_sources":[{"title":"SBA Form 1919 - Borrower Information Form","url":"https://www.sba.gov/sites/default/files/2025-03/2025.02.27%20Form%201919%20-%20Updates%20%28FINAL%29_03-12-2025%20%281%29.pdf"},{"title":"SOP 50 10 - Lender and Development Company Loan Programs","url":"https://www.sba.gov/sites/default/files/2025-05/SOP%2050%2010%208%20Technical%20Updates%20effective%206.1.2025.docx"},{"title":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"}],"related_questions":[{"question":"Which additional SBA forms are universally required for all 7(a) loan applications, beyond the borrower information form?","url":"https://dealroom.so/for-lenders/questions/which-additional-sba-forms-are-universally-required-for-all-7-a-loan-applications-beyond-t"},{"question":"What specific certifications on SBA Form 1919 are critical for an applicant's eligibility, and how does a lender verify them?","url":"https://dealroom.so/for-lenders/questions/what-specific-certifications-on-sba-form-1919-are-critical-for-an-applicant-s-eligibility-"},{"question":"Is SBA Form 1920 (Lender's Application for Guaranty) still required for 7(a) loan submissions?","url":"https://dealroom.so/for-lenders/questions/is-sba-form-1920-lender-s-application-for-guaranty-still-required-for-7-a-loan-submissions"},{"question":"What is the primary purpose of SBA Form 1919 for eligibility?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-sba-form-1919-for-eligibility"},{"question":"Beyond Form 1919, which other SBA forms are strictly mandatory for all 7(a) loan applications, regardless of loan size?","url":"https://dealroom.so/for-lenders/questions/beyond-form-1919-which-other-sba-forms-are-strictly-mandatory-for-all-7-a-loan-application"},{"question":"Which specific eligibility certifications are collected on SBA Form 1919 that are crucial for a 7(a) loan application and must be verified by the lender?","url":"https://dealroom.so/for-lenders/questions/which-specific-eligibility-certifications-are-collected-on-sba-form-1919-that-are-crucial-"}],"related_terms":[{"term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"},{"term":"SBA Form 1919 Disclosure","url":"https://dealroom.so/glossary/sba-form-1919-disclosure"},{"term":"Distribution to owners","url":"https://dealroom.so/glossary/distribution-to-owners"},{"term":"Applicant","url":"https://dealroom.so/glossary/applicant"},{"term":"SBA Form 148","url":"https://dealroom.so/glossary/sba-form-148"},{"term":"SBA Form 912","url":"https://dealroom.so/glossary/sba-form-912"}],"related_tools":[{"name":"SBA 7(a) payment & fee calculator","url":"https://dealroom.so/sba-7a/calculator"},{"name":"Find an active SBA 7(a) lender","url":"https://dealroom.so/lenders"}],"data_freshness":{"last_reviewed":"2026-06-13","sba_rule_sources_checked_through":"2026-06-13"},"citation":{"label":"DealRoom.so SBA 7(a) Q&A","url":"https://dealroom.so/for-lenders/questions/are-all-owners-of-an-applicant-business-required-to-sign-sba-form-1919","source_type":"DealRoom Q&A"},"caveats":["Grounded in the current SBA rulebook; verify against official sources before relying on it for a live deal.","Not legal, tax, or financial advice and not an approval decision."]}