{"ok":true,"canonical_url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-specifically-required-for-a-non-owne","api_url":"https://dealroom.so/api/public/questions/when-is-an-sba-form-912-statement-of-personal-history-specifically-required-for-a-non-owne","question":"When is an SBA Form 912 (Statement of Personal History) specifically required for a non-owner guarantor?","topic":"Required forms","audience":"lender","bot_mode":"lender","short_answer":"SBA Form 912 is required for any individual who is providing a personal guaranty for the loan, regardless of their ownership stake in the business.","rule":"The SBA requires all individuals providing a personal guaranty for a 7(a) loan to complete and sign SBA Form 912. This form collects personal history information, including criminal background, that the SBA uses to determine if the individual has acceptable character for involvement with an SBA loan. This applies to all owners with 20% or more equity, and also to any other individual who is a personal guarantor.","example":"A business owner with 15% equity (below the 20% threshold) is required by the lender to provide a personal guaranty due to their strong personal financial statement. This non-owner guarantor must complete SBA Form 912 in addition to the other required documents.","what_lenders_check":"Lenders must ensure that all personal guarantors, whether owners or not, complete and submit SBA Form 912. Failure to obtain this form, or a subsequent finding of an unacceptable character issue, can jeopardize the SBA guaranty.","required_facts":["Personal guarantor","Character review","Criminal background","SBA Form 912 requirement","Loan eligibility"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs","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":"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":"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":"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":"Personal History Statement","url":"https://dealroom.so/glossary/personal-history-statement"},{"term":"Personal credit history","url":"https://dealroom.so/glossary/personal-credit-history"},{"term":"SBA Form 148","url":"https://dealroom.so/glossary/sba-form-148"},{"term":"Non-owner guarantor","url":"https://dealroom.so/glossary/non-owner-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-specifically-required-for-a-non-owne","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."]}