{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/are-there-specific-requirements-for-the-lender-to-verify-information-provided-on-sba-form-","api_url":"https://dealroom.so/api/public/questions/are-there-specific-requirements-for-the-lender-to-verify-information-provided-on-sba-form-","question":"Are there specific requirements for the lender to verify information provided on SBA Form 1919?","topic":"Required Forms","audience":"lender","bot_mode":"lender","short_answer":"Yes, lenders are required to verify critical information provided on SBA Form 1919 through independent sources. This includes criminal history, citizenship status, and other eligibility criteria to ensure accuracy.","rule":"SBA lenders act as the initial gatekeepers for eligibility. They cannot simply accept the borrower's attestations on Form 1919 at face value. Lenders must conduct their own due diligence to verify key information, such as checking for criminal records through appropriate databases, confirming citizenship/residency documents (e.g., Green Card), and cross-referencing with other financial documents. This verification is a core component of prudent lending.","example":"A borrower indicates no prior bankruptcies on Form 1919. The lender performs a credit check and finds a bankruptcy discharged three years ago. The lender must then reconcile this discrepancy, requiring explanations and documentation from the borrower, or decline the loan if unresolved.","what_lenders_check":"Failure to independently verify critical information from Form 1919 is a significant deficiency in underwriting. If an eligibility issue is later discovered that could have been identified by prudent verification, it can lead to a full guaranty denial.","required_facts":["SBA Form 1919","Lender verification","Eligibility criteria","Due diligence","Independent sources"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs","SBA Form 1919 - Borrower Information Form","Criminal Justice Reviews for SBA Business Loan Programs - Final Rule"],"official_sources":[{"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":"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":"Criminal Justice Reviews for SBA Business Loan Programs - Final Rule","url":"https://www.federalregister.gov/documents/2024/04/30/2024-09009/criminal-justice-reviews-for-the-sba-business-loan-programs-disaster-loan-programs-and-surety-bond"}],"related_questions":[{"question":"Which individuals must complete SBA Form 413 and how does it inform credit decisions?","url":"https://dealroom.so/for-lenders/questions/which-individuals-must-complete-sba-form-413-and-how-does-it-inform-credit-decisions"},{"question":"How does SBA Form 1919 ensure borrower eligibility compliance for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-sba-form-1919-ensure-borrower-eligibility-compliance-for-a-7-a-loan"},{"question":"What is the primary purpose of SBA Form 1919 and how does a lender use it in 7(a) underwriting?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-sba-form-1919-and-how-does-a-lender-use-it-in-7-a-underwrit"},{"question":"What is the significance of the \"Statement of Personal History\" section on SBA Form 1919 for eligibility?","url":"https://dealroom.so/for-lenders/questions/what-is-the-significance-of-the-statement-of-personal-history-section-on-sba-form-1919-for"},{"question":"Which SBA forms are mandatory for every 7(a) loan application?","url":"https://dealroom.so/for-lenders/questions/which-sba-forms-are-mandatory-for-every-7-a-loan-application"},{"question":"What is the purpose of collecting borrower certifications on SBA Form 1919?","url":"https://dealroom.so/for-lenders/questions/what-is-the-purpose-of-collecting-borrower-certifications-on-sba-form-1919"}],"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":"Claim on the SBA Guarantee","url":"https://dealroom.so/glossary/claim-on-the-sba-guarantee"},{"term":"Request for Additional Information","url":"https://dealroom.so/glossary/request-for-additional-information"},{"term":"SBA Program Requirements","url":"https://dealroom.so/glossary/sba-program-requirements"},{"term":"SBA Form 148","url":"https://dealroom.so/glossary/sba-form-148"}],"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-there-specific-requirements-for-the-lender-to-verify-information-provided-on-sba-form-","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."]}