For SBA lenders
Short answer
SBA Form 912 (Statement of Personal History) is mandatory for all principals. Depending on the loan type and lender status, other forms like Form 1624 (Agreement of Compliance) or specific supplemental forms may also be required.
While Form 1919 gathers core borrower information, Form 912 is essential for every principal (owners of 20% or more, officers, directors, managing members, etc.) to disclose criminal history and other personal information relevant to eligibility. Lenders must collect these forms to ensure all principals meet the SBA's character requirements. Other forms, like environmental questionnaires (Form 1081), are situational but mandatory when applicable.
A lender is packaging a standard 7(a) loan for a business acquisition. In addition to the borrower's signed Form 1919, the lender collects a completed and signed Form 912 from each of the two 50% owners, ensuring all questions are answered and certifications made.
Insider move
Lenders must ensure all required SBA forms are accurately completed and signed by the appropriate parties. Missing or incomplete forms, especially Form 912, can lead to eligibility issues, processing delays, or even a denial or repair of the guaranty.
SBA Form 1919 - Borrower Information Form
SOP 50 10 - Lender and Development Company Loan Programs
Last checked 2026-06-13. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-13 · SBA sources checked through 2026-06-13. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
More on required forms
Terms in this answer
Pre-qualify your SBA 7(a) deal
Tell us the business, the price, and where you are — we'll point you to the lenders most likely to fund a deal like yours and flag anything that trips up approval.
Free · No documents · Usually same-day