SBA form 1050

Settlement Sheet (Use of Proceeds Certification)

Settlement Sheet (Use of Proceeds Certification)

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

This form may be used for all 7(a) loans and for all disbursements. It must be used for the first disbursement on all standard 7(a) loans over $350,000.

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File size: 240KB
Effective: May 15, 2019
OMB Control Number: 3245-0200
Related Programs: Related programs: 7(a)

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Last updated April 5, 2023