P>Hello my name is Paul long senior vice president with timberland bank SBA lending, and today I'm going to show you how to fill out the SBA form 1919 which is the application process for a SBA 7a loan. There's a lot of confusion that happens on this form, and that's why we created the video first and foremost. Read the first page of the form. It should actually answer a lot of information most importantly the definitions the government likes to use different words that we're not familiar with. Words like affiliation, eligible, passive, or operating company. I'll go through some of those really briefly on the form on what that would mean to you. The first part of this form is going to be the business information section. One is only going to talk about the business, nothing about you personally. In this case, you're going to put in the applicant your legal name, in this case it's big dog LLC. The operating legal name is actually pulse plumbing that I do business in. So, if you go by the same LLC, you would just put in that and leave nothing under operating business legal name. Also, if it says DBA or trade name, I would also put in pulse plumbing here. Which I did not, but you can do that. Is the opera Kent as applicant a co-op, an ESOP, or a 401k plan on a trust or other? Probably does not have to apply to 99.9 percent of uh people on there. Do you plan on using a 401k plan including a rollover or robs plan for equity in the project in inner? In most situations, you're going to put in your business address contact information etc. here. Which is what is the loan amount in this case. We're going to say a million...
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How to prepare Sba 1919 2020-2024 Form
About Sba 1919 2024 Form
Sba 1919 2024 Form is a document required by the Small Business Administration (SBA) to apply for a loan or other financial assistance for small businesses. This form provides important information about the business owner and their business, including the business's financial history, tax returns, assets, and liabilities. The SBA uses this information to assess the financial health of the business and determine their eligibility for assistance. The Sba 1919 2024 Form is required for any small business owner who wishes to apply for financial assistance from the SBA, including loans, grants, and other forms of support. This form is particularly important for businesses that have been impacted by disasters, such as hurricanes, fires, or floods, as the SBA may offer low-interest loans to help them recover and rebuild. Additionally, small businesses looking to expand or acquire new equipment may also need to complete the Sba 1919 2024 Form in order to qualify for an SBA loan.
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