SBA form 1050

Settlement Sheet (Use of Proceeds Certification)

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This form is no longer required. 

The purpose of this form was to document and verify that loan proceeds were disbursed in accordance with the Authorization and to document that the Borrower’s contribution was injected into the business prior to the Lender disbursing any loan proceeds.

This form was for use for all 7(a) loans and for all disbursements.

Effective: December 20, 2023
OMB Control Number: 3245-0200
Related Programs: Related programs: 7(a)

Variations of this document

Last updated January 12, 2024