SBA form 155

Standby Creditor's Agreement

SBA Lender may use SBA Form 155 or its own Standby Agreement Form. A copy of the note must be attached to the standby agreement.

The purpose of this form is to formalize that Standby Creditor subordinates any lien rights in collateral securing the loan to SBA Lender's rights in the collateral, and takes no action against Borrower or any collateral securing the Standby Debt without SBA Lender's consent.

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File size: 41KB
Related Programs: 7(a), CDC/504
Last updated April 5, 2023