For SBA lenders
Short answer
SBA Form 1919 (Borrower Information Form) and SBA Form 413 (Personal Financial Statement) are universally required for all 7(a) loan applications.
SBA Form 1919 collects essential borrower information, certifications, and eligibility data from the applicant. SBA Form 413 provides a comprehensive financial snapshot of each principal owning 20% or more of the business. These forms are fundamental to assessing applicant eligibility and financial capacity, making them mandatory for every 7(a) loan application package.
For any 7(a) loan, regardless of size or use of proceeds, the lender will always collect a completed and signed SBA Form 1919 from the business applicant. Additionally, each individual owning 20% or more of the business must complete and sign an SBA Form 413, detailing their personal assets, liabilities, and net worth.
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Failure to collect and properly complete these mandatory forms can result in an incomplete application package, delays in processing, or ultimately a guaranty denial if critical information is missing or inaccurate. Lenders must ensure these are executed correctly at the outset.
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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