{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-sba-form-912-and-who-is-required-to-complete-it-for-a-7-a-l","api_url":"https://dealroom.so/api/public/questions/what-is-the-primary-purpose-of-sba-form-912-and-who-is-required-to-complete-it-for-a-7-a-l","question":"What is the primary purpose of SBA Form 912, and who is required to complete it for a 7(a) loan?","topic":"Required forms (1919, etc.)","audience":"lender","bot_mode":"lender","short_answer":"SBA Form 912 (Statement of Personal History) collects detailed criminal history and legal information from all proprietors, partners, officers, directors, managing members, and owners of 20% or more of the applicant business.","rule":"SBA Form 912 is critical for assessing the character eligibility of individuals associated with the applicant business. It requires disclosure of arrests, convictions, felony charges, and other legal proceedings. This information helps the SBA and lender determine if any individual has a disqualifying criminal record or is subject to legal actions that would make the business ineligible for a 7(a) loan.","example":"For an LLC applying for a 7(a) loan, all managing members and any individual owning 20% or more of the LLC would be required to complete SBA Form 912. If a corporate applicant, all officers (President, VP, Secretary, Treasurer) and board members would also complete it.","what_lenders_check":"Lenders must ensure that Form 912 is accurately completed by all required individuals. Any undisclosed criminal history or false statements can lead to a denial of the loan or a repair/denial of the SBA guaranty. Lenders compare this information with background checks and credit reports.","required_facts":["Individual's role","Ownership percentage","Criminal history disclosure","Character eligibility","SBA Form 1919 consistency"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs","SBA Form 1919 - Borrower Information Form","13 CFR Part 120 - Business Loans","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":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"},{"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":"What specific fields in SBA Form 1919 are most critical for initial eligibility review, and what common errors lead to delays?","url":"https://dealroom.so/for-lenders/questions/what-specific-fields-in-sba-form-1919-are-most-critical-for-initial-eligibility-review-and"},{"question":"What specific certifications about criminal history are required from principals on SBA Form 1919 for 7(a) loan eligibility?","url":"https://dealroom.so/for-lenders/questions/what-specific-certifications-about-criminal-history-are-required-from-principals-on-sba-fo"},{"question":"What is the lender's responsibility for validating the business purpose and use of proceeds certified on SBA Form 1919?","url":"https://dealroom.so/for-lenders/questions/what-is-the-lender-s-responsibility-for-validating-the-business-purpose-and-use-of-proceed"},{"question":"What is the consequence for a lender if there are inconsistencies between the borrower's SBA Form 1919 and other application documents?","url":"https://dealroom.so/for-lenders/questions/what-is-the-consequence-for-a-lender-if-there-are-inconsistencies-between-the-borrower-s-s"},{"question":"Which specific lender certifications are required on the Lender's Application for Guaranty (or its E-Tran equivalent) to ensure loan eligibility?","url":"https://dealroom.so/for-lenders/questions/which-specific-lender-certifications-are-required-on-the-lender-s-application-for-guaranty"},{"question":"What is the purpose of SBA Form 413, and which individuals must complete it for a 7(a) loan application?","url":"https://dealroom.so/for-lenders/questions/what-is-the-purpose-of-sba-form-413-and-which-individuals-must-complete-it-for-a-7-a-loan-"}],"related_terms":[{"term":"SBA Form 912","url":"https://dealroom.so/glossary/sba-form-912"},{"term":"SBA Form 148","url":"https://dealroom.so/glossary/sba-form-148"},{"term":"Complete Change of Ownership","url":"https://dealroom.so/glossary/complete-change-of-ownership"},{"term":"Cancellation of the SBA guaranty","url":"https://dealroom.so/glossary/cancellation-of-the-sba-guaranty"},{"term":"Repair to the guaranty","url":"https://dealroom.so/glossary/repair-to-the-guaranty"},{"term":"Required guarantor","url":"https://dealroom.so/glossary/required-guarantor"}],"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/what-is-the-primary-purpose-of-sba-form-912-and-who-is-required-to-complete-it-for-a-7-a-l","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."]}