For SBA lenders
Short answer
Incomplete or inconsistent information on SBA Form 1919 will lead to delays, requests for clarification, and potentially an application withdrawal or denial. Lenders are responsible for ensuring the form is accurately completed and verified.
SBA Form 1919 (Borrower Information Form) is critical for determining applicant eligibility and character. Any missing information, conflicting answers, or inconsistencies with other submitted documents (e.g., personal financial statements) must be resolved by the lender. Failure to do so can result in the loan being deemed ineligible or a guaranty repair if discovered later, as it reflects a failure in lender due diligence.
A borrower checks 'No' for prior felony convictions on Form 1919, but a credit report reveals a recent felony conviction. The lender must immediately address this inconsistency, requesting an explanation and supporting documentation, or decline the application if not resolved satisfactorily.
SOP 50 10 - Lender and Development Company Loan Programs
SBA Form 1919 - Borrower Information Form
Criminal Justice Reviews for SBA Business Loan Programs - Final Rule
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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