13 CFR 120.191
§ 120.191 The contents of a business loan application.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 120.191, § 120.191 The contents of a business loan application, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52040
- Permanent ID
ys:prov:52040@1- SHA-256
27bbef531e083e856ba979d05daebeaaa88e7b2aee837152f412a7008a064790
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
For most business loans, SBA requires that an application for a business loan contain, among other things, a description of the history and nature of the business, the amount and purpose of the loan, the collateral offered for the loan, current financial statements, historical financial statements (or tax returns if appropriate) for the past three years, IRS tax verification, and a business plan, when applicable. Personal histories and financial statements will be required from principals of the applicant (and the Operating Company, if applicable).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.