SBA Form 1919: What It Is & How To Complete It

Business owners often use SBA Form 1919 to apply for business loans, grants and other government assistance. Find out what this form is, how it works and more below!

The “sba form 1920” is a form that the Small Business Administration has created for businesses to use. This form is used to document the start-up costs of a new business.

The SBA Form 1919 is a borrower information form that applicants must complete as part of the application process for a Small Business Administration (SBA) loan. This form asks for personal and corporate information, as well as answers to questions ranging from citizenship to the number of jobs that may be generated or kept as a result of the loan. Filling out this form completely will reduce the time it takes for your loan to be approved.

We recommend collaborating with a loan provider like SmartBiz if you’re feeling overwhelmed by the SBA loan application procedure. You must be profitable and have been in business for at least two years to qualify. You must also have a credit score of at least 680. In just a few minutes, you may be prequalified and financed for up to $350,000 in as little as 30 days.

Go to SmartBiz.com to learn more.

Who Fills Out SBA Form 1919?

Individuals that need to fill out SBA Form 1919 based on their company structure are:

• Single proprietorships: The form must be filled out by the business’s sole owner.
• General partnerships: The SBA borrower information form must be completed by all general partners and limited partners with 20% or more ownership in the firm.
• Corporations: Every person who owns 20% or more of the company, as well as every officer and director, must complete the form.
• Limited liability corporations (LLCs): SBA Form 1919 must be completed by all members holding 20% or more of the firm, as well as each officer, director, and managing member.

The borrower information form must also be completed by any key employee recruited by the firm to handle day-to-day operations, as well as any other individual the SBA needs to offer a personal guarantee on the loan.

SBA Form 1919 is available in PDF format.

How to Fill Out the SBA Form 1919

It might be tough to complete SBA Form 1919. However, filling out the form completely can help you get your SBA loan accepted faster.

Section I: Information about the Applicant’s Business

A selected representative of your organization must fill out the first part of SBA Form 1919 for the applicant business. After receiving the information, the designee will sign the form to confirm to the correctness of the borrower information.

Identifying Information about the Applicant’s Business

Section I of SBA Form 1919, top section

The following basic identifying borrower information is needed in this section:

• Legal Name of Applicant Business: Include the legal name of your firm as it appears on your organizational documents and most recent federal tax filings. Also, specify if your firm is an operating company (OC) or an eligible passive company (EPC) (EPC).
• If you’re “doing business as” (DBA) another name or using a trade name that’s distinct from your company’s legal name, provide it in this box.
• Applicant Business Primary Business Address: Enter your company’s current address.
• Include the project address in this field if you’re trying to finance property or business activities that aren’t situated at your regular company address.
• Applicant Business Tax ID: Enter your company’s tax identification number.
• Applicant Business Phone: Include the key business contact’s phone number in this field.
• Name of Primary Contact: Include the name of the person who will be the primary point of contact. This is almost certainly the same individual who is filling out Form 1919.
• Email Address: Include the principal contact person’s email address.
• The monetary amount of the loan you’re asking should be included in this area.
• The Loan’s Purpose: Describe the loan’s purpose in this area. Acquiring real estate, refinancing current debt, and purchasing fixed assets are all examples of lending objectives. Our page on SBA loans details the types of loans that are eligible for loan profits.
• Number of Current Employees at the Company: Include the total number of employees at your company, including the proprietors.
• Total number of jobs expected to be created as a result of the loan: Calculate how many jobs your company will be able to generate as a consequence of this financing. Although there is no set procedure for obtaining this amount, attempt to provide a realistic approximation.
• As a result of the loan, the following number of jobs will be retained: Calculate how many jobs your company will be able to keep as a consequence of this loan. There is no set approach for calculating the number of jobs generated, just as there is no set process for calculating the number of jobs created.
• Small Company Applicant Ownership: List each business owner’s name, title, ownership percentage, and address. In this part, be sure to represent 100 percent ownership. If you don’t have enough space to name all of the owners, you may attach a second document with the information. Include the applicant’s business name on the attachment, a notation that it’s a supplement to SBA Form 1919 Section I, all necessary fields, and your signature at the bottom.

The following 11 questions almost all demand a yes or no answer.

SBA Form 1919 questions 1 through 11

Co-applicants (Question 1)

This inquiry inquires as to whether the loan will have any co-applicants. If “yes,” each applicant’s Part I: Applicant Business Application section of the SBA 1919 form must be filled out and signed by an authorized representative.

Questions 2 and 3: Past SBA Loan Applications & Other Restrictions

Question 2 asks whether you’ve applied for this project before to the SBA, a lender, or a certified development corporation (CDC). If you answered “yes” to question 2, you must include a supplemental document detailing the circumstances underlying your previous loan application.

The third inquiry inquires whether you have been suspended, debarred (actual or projected), or otherwise declared ineligible or excluded from the SBA loan program by any Federal department or agency. If you respond yes to this question, you will not be accepted for an SBA loan. If an SBA loan isn’t a possibility, you may work with your loan provider to learn more about what this implies for you, or you can look into other financing options.

Franchise Businesses (Question 4)

This question decides whether or not your company is part of a franchise system. If you’re a franchise firm, the SBA maintains a list of franchises that have been authorized for SBA loans, which may boost your chances of approval. To see whether your franchise is included, go to the SBA Franchise Directory.

Business Affiliates (Question 5)

This question determines whether or not your company has any formal partners. An “affiliate,” according to the SBA, includes:

• a parent corporation
• Subsidiaries and other businesses that the applicant owns or controls
• Companies in which one or more officers, directors, general partners, managing members, or parties holding 20% or more of the company are themselves officers, directors, general partners, managing members, or 20% or larger owners
• Companies or individuals that possess 50% or more of a company’s equity due to unexecuted options
• Companies that have signed into merger agreements with the company

If you have any affiliates, please include their legal names as they appear on your most recent federal income tax returns. For additional information about affiliates, see this SBA guide. Many of the following questions are about your company and its affiliates, so make sure you respond with both the applicant’s company and its affiliates in mind.

Bankruptcy Protection (Question 6)

Question 6 on Form 1919 asks whether your company or any of its subsidiaries has ever sought bankruptcy protection. Question 24 deals with individual owner bankruptcy. Your loan will not be granted if there has been a past loss to the government as a consequence of your firm or any guarantors filing for bankruptcy protection.

The SBA and your lender will decide how much a past bankruptcy that did not result in a government loss would be considered in the decision to accept your loan. Prepare to provide your lender as much information as possible about the circumstances behind any previous bankruptcy filings.

Pending Legal Actions (Question 7)

If your company or any of its affiliates is presently embroiled in a legal dispute, answer “yes” to this question. While a pending legal action does not guarantee that your application will be denied, you should be prepared to inform your loan provider about the situation. Honesty and openness will go a long way toward establishing credibility with your loan provider and helping you construct your case.

Question #8: Government Loans in the Past

If you have previously accepted any other government loans, you must answer this question of the SBA Form 1919. This includes include SBA loans, FHA home loans, veterans loans, student loans, and catastrophe loans, among others. You must also answer if any of these loans were ever late or in default in sub-questions (a) and (b).

Question 9: What are your export activities?

This question assesses your export efforts. If you’re utilizing this loan to increase your exports or start exporting for the first time, attempt to estimate how much money you’ll make in total export sales if you’re authorized. There is no set formula for this calculation, so try your best to come up with an acceptable figure.

Question 10: Can You Assist You With Your Application?

This question determines whether you got any outside assistance in completing your SBA loan application. Answer “yes” if you employed a packager, provider (like SmartBiz), broker, accountant, lawyer, or others to assist you with the loan application. If you answered “yes,” the employee you hired must complete SBA Form 159.

Question 11: How much money does your business make from gambling?

This question determines if any of your earnings come from activities such as gambling, loan packaging, or openly sexual displays. The SBA will not accept your loan if your company falls into one of these ineligible categories.

Conflicts of Interest (Questions 12–16)

SBA Form 1919 questions 12 through 16

This portion of Form 1919 contains true or false questions that determine if any members of your firm have a conflict of interest with the SBA or any other government agency. If you respond “false” to any of the questions, your loan will not be refused; instead, you will need to follow alternative SBA processes.

The SBA will inquire into the following possible conflicts of interest:

• Whether you, your spouse, or another member of your family works for the Small Business Administration (SBA),
• If the applicant’s employee, owner, partner, attorney, agent, stockholder, officer, director, creditor, or debtor has worked for the SBA in the previous year, the application will be denied.
• If a member of Congress, an appointed official of the judicial or legislative branch, or a family member of such a person is a sole owner, general partner, officer, director, or shareholder with a 10% or more stake in the firm, the business will be considered a for-profit entity.
• If any government employee with a GS-13 grade, or a family member of such an employee, is a sole owner, general partner, officer, director, or shareholder with a 10% or more stake in a company,
• If a single owner, general partner, officer, director, or shareholder with a 10% or more stake is a member or employee of the Small Business Advisory Council, a SCORE volunteer, or a household member of such a person,

An authorized representative of the applicant company must sign, date, and print their name and title after completing Section I of the borrower information form and accurately answering all of the questions.

Section 2: Important Information

Section II of the SBA Form 1919 must be completed by key workers and anybody with a 20% or larger ownership stake in the company. Each of these people will have to create their own version of the form. After providing the information, the person or authorized company representative must sign the form to testify to the correctness of the data.

The Most Important Piece of Identification

Section II of Form 1919, top section

As the business’s principle, you’ll start by supplying the following basic identifying information in this area of the form:

• Include your complete legal name as your principal name.
• Social Security Number (SSN) or Tax Identification Number (TIN): Give us your Social Security number or your tax ID number.
• Year of Birth: In this field, provide your date of birth.
• If you were born in the United States, provide the city and state where you were born; if you were born elsewhere, include the name of the foreign nation.
• Please include your current home address.
• Phone Number at Home: Provide the phone number where you can be contacted the most readily in this field, which may be your cellphone.
• Percentage of Small Business Ownership Applicant: In this box, indicate what percentage of the firm you hold.
• Veteran, Gender, Race, & Ethnicity Data: You can voluntarily disclose this information, which is collected only for program reporting purposes; the information provided in this section has no bearing on the credit decision made by the SBA or the lender

SBA Form 1919 Questions 17 through 19

Question 17: What is the status of current legal proceedings?

People who are presently under indictment, parole, or probation are not eligible for SBA loans. Before you may be approved for an SBA loan, all criminal investigations must be completed, and any parole and probation must be discharged. You and the applicant company are disqualified for an SBA loan at this time if you have to respond “yes” to this question.

Questions 18 and 19: Criminal Activity in the Past

On the borrower information form, there are questions about previous legal violations. If you answered “yes” to these questions, you may still qualify for an SBA loan, but you’ll need to fill out SBA Form 912 in addition to SBA Form 1919. This will provide the lender with more information to do a background check and character assessment to determine if you and your business are still suitable for an SBA loan.

Except for minor traffic offences, you must disclose all of your criminal crimes. Convictions, guilty pleas, no contest pleas, pretrial diversion, paroles, and probations are all included, regardless of when they occurred. Even if it was a felony 20 years ago, don’t mislead or leave information off of this area. You won’t be able to acquire a loan if you leave this information blank, and you’ll be breaking the law by intentionally signing the form while declaring that all information is accurate.

Note that previous criminal conduct does not automatically prohibit you from receiving an SBA loan. Always be truthful and open.

SBA Form 1919 questions 20 to 26

Question 20: Are There Any Application Restrictions?

This question asks whether you’re presently barred from applying for a loan of this sort. You will not be accepted for an SBA loan if you have been suspended, debarred (actual or planned), or otherwise judged ineligible or prohibited from participation in the SBA loan program by any Federal department or agency.

Child Support Payments (Question 21)

This question is just for those who control 50% or more of a company, and it asks whether you’re more than 60 days behind on any legally mandated child support payments. If you respond yes to this question, the SBA will not be able to accept your loan application.

Question 22: Citizenship in the United States

This portion of Form 1919 assesses if you are a US citizen or have legal permanent resident status in the United States. Provide your Alien Registration Number if you are not a US citizen. SBA loans are available to legal permanent residents. Non-US nationals may also be eligible for SBA loans, but they must fulfill extra criteria. A non-US citizen may qualify by having real estate collateral and activities in the United States, a management team made up of US citizens or legal permanent residents, or an established firm with more than one year of operating experience.

Affiliated Business Interests (Question 23)

This item on the borrower information form asks whether you own any companies that are considered affiliates of the applicant. Refer to Question 5 in Section I of SBA Form 1919 to see whether any other firms you own are deemed affiliates.

Bankruptcy Protection (Question 24)

This question inquires as to whether you have ever filed for personal bankruptcy protection. If you were required by the SBA to offer a guarantee on the loan because of a past loss to the government as a consequence of your bankruptcy filing protection, the loan to your firm will not be granted.

The SBA and your lender have some control over how much a past bankruptcy that did not result in a government loss will be considered in the lending decision. However, you should be prepared to provide your lender as much information as possible regarding the circumstances behind any previous bankruptcy filings.

Pending Legal Actions (Question 25)

You must answer “yes” to this question if you or any company you own is presently engaged in a pending legal action. Divorce proceedings are included in this. While a current legal action does not guarantee that your SBA loan application will be refused, you must be prepared to give information about the situation to your loan source. Honesty and openness will go a long way toward establishing credibility with your loan provider and helping you construct your case.

Question 26: Government Loans in the Past

You must mention if you have already accepted any other government loans in this area of the borrower information form. Other SBA loans, FHA home loans, veterans loans, student loans, and catastrophe loans are also included. You must also answer if any of these loans were ever late or in default in sub-questions (a) and (b).

Remember to sign the form: You must sign, date, and print your name after completing SBA Form 1919 and honestly answering all of the questions. Read our guide on how to apply for an SBA loan to learn more about the procedure.

Conclusion

While the quantity of documentation necessary to get an SBA loan may seem daunting, taking the time to accurately complete SBA Form 1919 can aid you in the approval process. Your application may be refused or considerably delayed if you provide inaccurate information or fail to submit necessary borrower information.

Do you need any more SBA loan forms? We’ve thought of everything:

The “sba form 413” is a document that must be completed by the applicant in order to obtain an SBA loan. The form determines whether or not the applicant qualifies for the loan, and what the interest rate will be.

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