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7(a) Loan Information

Application Forms

SBA Form 1920 Lender's Application for Loan Guaranty.  This form is completed by the lender.

SBA Form 1919 SBA 7(a) Borrower Information Application Form.  This form is completed by each owner with 20% or more of the company and kept in the lender's file to be reviewed  for any adverse information. If there is adverse information, please contact Dave Puls in the District Office at 605-330-4243 x13.

IRS Form 4506-T Request for Transcript of Tax Return.  Keep a copy in your file and comment on verification results in your lender memorandum. Please note, this must be verified prior to submitting the application to the processing center.

Credit Memorandum:

  • For 7(a) Small Loans $350,000 and less, address items listed in Chapter 4 on page  175 of the Lender and Development Company Loan Programs  
  • For loans more than $350,000, address items listed  in Chapter 4 on page  171 of the Lender and Development Company Loan Programs  
  • Link to:  SOP 50  10 5( J ) Lender and Development Company Loan Programs 

 

Application Submission

Application of loans of $350,000 or less should follow the Small Loan Submission Checklist and Cover Sheet

For applications over $350,000, follow the Other 7(a) Loan Submission Checklist and Cover Sheet.

All applications must be entered into SBAOne and E-TRAN which is located in the Capital Access Financial System.  This will credit score loans $350,000 and under and upload documentation needed in the submission process to the Loan Guaranty Processing Center (LGPC).  Additional documentation may be uploaded to the processing center via SendThisFile.

If you have questions, please contact -

South Dakota District Office - Dave Puls at 605-330-4243 x13 or david.puls@sba.gov or Chuck Hughes at 605-330-4243 x31 or chuck.hughes@sba.gov.
Loan Guaranty Processing Center at 877-475-2435 or 7aquestions@sba.gov.  This email address is only for origination questions and not for servicing questions. 

File Attachments: 
Attachments Size
SOP_50_10_5J 5072Kb