Loan closing

Lenders should retain these documents in their files:

• SBA Form 147: Note - 7(a) Loans (lenders also have the option of using their own note)
• SBA Form 148: Unconditional Guarantee (as necessary - lenders also have the option of using their own guaranty agreements)
• SBA Form 1050: Settlement Sheet (Use of Proceeds Certification) or comparable documentation
• SBA Form 159: Fee Disclosure and Compensation Agreement (as necessary)
• Borrowers Certifications
• SBA Form 155: Standby Creditor's Agreement (as necessary)
• SBA Form 601: Agreement of Compliance (as necessary)
• IRS Tax Transcript/Verification of Financial Information in accordance with current requirements

• Environmental Investigation Report - in accordance with the current SOP requirements
• Appraisal

• SBA Form 722: Equal Employment Opportunity Statement

• For specific instructions refer to SOP 50 10 7.1
• Send your modification requests to 7aLoanmod@sba.gov