For SBA lenders
Short answer
SBA Form 912 (Statement of Personal History) collects detailed criminal history and legal information from all proprietors, partners, officers, directors, managing members, and owners of 20% or more of the applicant business.
SBA Form 912 is critical for assessing the character eligibility of individuals associated with the applicant business. It requires disclosure of arrests, convictions, felony charges, and other legal proceedings. This information helps the SBA and lender determine if any individual has a disqualifying criminal record or is subject to legal actions that would make the business ineligible for a 7(a) loan.
For an LLC applying for a 7(a) loan, all managing members and any individual owning 20% or more of the LLC would be required to complete SBA Form 912. If a corporate applicant, all officers (President, VP, Secretary, Treasurer) and board members would also complete it.
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
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.
More on required forms (1919, etc.)
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