SBA 7(a) Q&A
Short answer
SBA Form 912, the Statement of Personal History, is used to screen for character issues like criminal history or prior federal debt defaults. It must be completed by all owners of 20% or more, partners, managing members, officers, and directors.
SBA Form 912 collects information about an applicant's background, including criminal records, previous bankruptcies, and defaults on federal obligations. This information is critical for determining eligibility based on character. Any adverse information must be disclosed and may require further explanation and review by the SBA.
A buyer and their 30% partner are applying for an SBA 7(a) loan. Both the buyer and the partner will need to complete and sign SBA Form 912, disclosing any arrests, convictions, or defaults on federal debt.
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 2026-06-14. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-14 · SBA sources checked through 2026-06-14. 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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