Glossary · People and paperwork
In short
This is an SBA form (Form 1919) where you disclose personal background information, including any prior bankruptcies, criminal records, or federal defaults. It's required for all owners with 20% or more equity.
The SBA uses this form to assess your character and eligibility. Be completely honest and upfront about any past issues, as omissions or misrepresentations can lead to loan denial or even fraud allegations later. Lenders will review this carefully.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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