For SBA lenders
Short answer
Critical information such as borrower name, business address, ownership percentages, loan amount, use of proceeds, and any disclosed ineligible activities must be consistent across SBA Form 1919, the lender's credit memo, and E-Tran.
Inconsistencies in material information across these documents can indicate poor due diligence, misrepresentation, or errors, which can jeopardize the SBA guaranty. The lender's credit memo should justify and verify the data provided on Form 1919, and E-Tran should reflect the final, approved terms.
SBA Form 1919 states a loan amount of $750,000, but the E-Tran submission and the credit memo show $700,000. This discrepancy is material and must be reconciled before closing, or it could lead to a guaranty repair.
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
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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