If you’re applying for an SBA loan, one of the first documents you’ll encounter is SBA Form 1919. While it may look like just another form, it plays a critical role in determining whether your loan application moves forward.
Understanding how to complete it correctly can help you avoid delays—and improve your chances of approval.
What Is SBA Form 1919?
SBA Form 1919, also known as the Borrower Information Form, collects key details about:
- Business owners
- Business structure
- Affiliates
- Background information
It helps lenders and the SBA assess your eligibility and risk profile.
Who Needs to Complete Form 1919?
You must complete SBA Form 1919 if you are:
- A business owner with 20% or more ownership
- A guarantor of the loan
- A key individual involved in the business
Each eligible individual must submit their own form.
Why Form 1919 Matters
This form is used to:
1. Verify Eligibility
The SBA ensures your business qualifies under its guidelines.
2. Identify Affiliations
It checks if you own or are connected to other businesses.
3. Conduct Background Checks
Certain answers may trigger additional review.
Incomplete or incorrect information can delay or even derail your loan application.
Sections of SBA Form 1919
Here’s a breakdown of the main sections:
Section 1: Business Information
Includes:
- Legal business name
- Address
- Ownership percentage
- Loan request details
Make sure everything matches your official documents.
Section 2: Ownership & Affiliates
You’ll be asked about:
- Other businesses you own
- Affiliations or partnerships
This helps the SBA determine your overall financial exposure.
Section 3: Background Questions
This section includes yes/no questions about:
- Criminal history
- Government debt
- Previous SBA loans
Answer honestly—misrepresentation can lead to denial.
Section 4: Citizenship Status
You’ll need to confirm:
- U.S. citizenship or residency status
Non-citizens may still qualify, depending on status.
Section 5: Signatures
- You certify that all information is accurate
- The lender uses this to proceed with underwriting
Double-check everything before signing.
Step-by-Step: How to Complete SBA Form 1919
1. Gather Your Information First
Before starting, have ready:
- Government-issued ID
- Business details
- Ownership breakdown
- Financial history
2. Be Accurate and Consistent
Ensure all details match:
- Tax returns
- Financial statements
- Other SBA forms
Inconsistencies raise red flags.
3. Answer All Questions Honestly
Especially in the background section.
If you answer “Yes” to certain questions, be prepared to provide additional documentation.
4. Don’t Leave Blanks
If a question doesn’t apply:
- Use “N/A” instead of leaving it empty
Incomplete forms can delay processing.
5. Review Before Submitting
Check for:
- Typos
- Missing fields
- Incorrect ownership percentages
A small mistake can slow down your approval.
Common Mistakes to Avoid
1. Incorrect Ownership Percentages
Make sure all owners’ shares add up correctly.
2. Failing to Disclose Affiliations
Not listing other businesses can create compliance issues.
3. Inconsistent Information
Mismatch with other documents can trigger delays.
4. Rushing the Form
Take your time—accuracy is more important than speed.
What Happens After You Submit Form 1919?
Once submitted:
- The lender reviews your information
- The SBA may conduct background checks
- Your application moves into underwriting
Additional documents may be requested based on your responses.