{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor","api_url":"https://dealroom.so/api/public/questions/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor","question":"When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?","topic":"Required forms (912)","audience":"lender","bot_mode":"lender","short_answer":"SBA Form 912 is required for any individual providing a personal guaranty, regardless of their ownership stake, if they are providing an unlimited guaranty or their ownership is 20% or more.","rule":"While Form 1919 covers owners and key management, Form 912 (Statement of Personal History) is specifically required for all individuals providing an unlimited personal guaranty on an SBA 7(a) loan, or who own 20% or more of the business. This form collects critical character information, including criminal history and prior government debt defaults, to assess eligibility.","example":"A 7(a) loan borrower's spouse, who owns 10% of the business, is required to provide an unlimited personal guaranty. Even though they own less than 20%, the lender still requires the spouse to complete and sign an SBA Form 912 because they are providing an unlimited personal guaranty.","what_lenders_check":"Lenders must identify all individuals required to complete Form 912. Failure to obtain this form from a required guarantor, or discrepancies in the information provided, can lead to eligibility issues and jeopardize the SBA guaranty.","required_facts":["Unlimited personal guaranty","Owner percentage","Criminal history disclosure","Government debt disclosure"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs"],"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"}],"related_questions":[],"related_terms":[{"term":"SBA Form 912","url":"https://dealroom.so/glossary/sba-form-912"},{"term":"Statement of Personal History","url":"https://dealroom.so/glossary/statement-of-personal-history"},{"term":"Required guarantor","url":"https://dealroom.so/glossary/required-guarantor"},{"term":"Non-owner guarantor","url":"https://dealroom.so/glossary/non-owner-guarantor"},{"term":"Personal History Statement","url":"https://dealroom.so/glossary/personal-history-statement"},{"term":"Personal Guarantor","url":"https://dealroom.so/glossary/personal-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/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor","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."]}