Instructions and forms for lenders to perform loan closing.
Content
Closing documents
Retain documents
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
Submit copy
- Environmental Investigation Report - in accordance with the current SOP requirements
- Appraisal
Send documents to borrower
Loan modification instructions
- For specific instructions refer to SOP 50 10 7.1
- Send your modification requests to 7aLoanmod@sba.gov