Ryan is the Founder of ThinkSBA, a Nationwide SBA 504 and 7a Loan Brokerage serving small business and entrepreneurs purchasing owner occupied real estate, acquiring a business or franchise or buying out a partner.
The SBA Security Agreement Form 1059 is a key document used to secure loans under the Small Business Administration (SBA) programs. This form establishes the lender’s legal interest in the collateral provided by the borrower to secure the loan. It ensures compliance with SBA requirements and protects the lender’s rights in case of default.
The SBA Unconditional Guarantee Form 148 is a critical document required in the SBA loan process. This form establishes the guarantor’s unconditional promise to repay the loan, ensuring the lender has additional security. It is an essential part of the SBA's efforts to facilitate business loans while mitigating risk.
SBA Loan Note Form 147 is a standard document used to formalize the terms and conditions of an SBA-backed loan. This form outlines critical details such as the loan amount, interest rate, repayment terms, and borrower obligations. It serves as a legally binding agreement between the borrower and the lender, ensuring transparency and compliance with SBA loan program requirements. For borrowers and lenders, Form 147 is an essential tool to secure financing while maintaining accountability within the SBA lending framework.
The SBA Standby Creditor's Agreement Form 155 is a critical document used in Small Business Administration (SBA) lending. This form outlines an agreement between a borrower, a creditor, and the SBA, ensuring that certain creditor claims are placed on standby while the SBA loan is repaid. This agreement helps borrowers secure the financing they need while giving the SBA assurance of payment priority. It is typically used in situations where additional creditor involvement is required during the loan process.
The SBA Borrower Information Form 1919 is a required document for individuals or businesses applying for an SBA loan. This form collects essential details about the borrower, including business ownership, affiliations, and background information. By completing Form 1919, you provide the necessary data to evaluate your eligibility for SBA loan programs.
The SBA Personal Financial Statement Form 413 is a required document for individuals applying for an SBA loan. This form provides a detailed overview of your personal financial situation, including assets, liabilities, income, and expenses. It helps lenders assess your financial stability and ability to meet repayment obligations. Completing this form accurately and thoroughly is essential for a successful loan application process