For SBA lenders
Short answer
Material omissions or misrepresentations on SBA Form 1919 can lead to immediate loan denial, a guaranty repair, or a guaranty denial if discovered post-closing.
SBA Form 1919 (Borrower Information Form) requires certifications regarding eligibility, criminal history, and other critical information. Providing false or misleading information, or omitting material facts, constitutes a serious violation. If discovered pre-closing, the loan will be denied. If post-closing, the SBA can deny its guaranty or seek full recovery from the lender if the lender failed to perform adequate due diligence.
A borrower fails to disclose a recent federal tax lien on SBA Form 1919. If the lender discovers this during underwriting, the loan application would be denied. If the loan closes and the SBA later discovers the undisclosed tax lien, the SBA could deny the guaranty, citing borrower misrepresentation and potentially lender due diligence failure.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 - Lender and Development Company Loan Programs
SBA Form 1919 - Borrower Information Form
13 CFR Part 103 - Standards for Conducting Business with SBA
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.
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