Form 1919

Definition

The SBA form where every owner answers the character questions.

Why It Matters

Answers here are checked rather than taken on faith, and a matter discovered later is far worse than the same matter disclosed early with an explanation attached. Read the form before you sign an LOI, not after, so that nothing on it surprises your lender at the point where you have already spent money on diligence. An old charge that was resolved is usually workable; the version that ends deals is the one the lender finds themselves. Older checklists still cite Form 912, the separate personal-history statement; the SBA retired it, and its questions live in this form now.

In numbers: Every 20%-plus owner of the buying entity signs a 1919; an answer about citizenship or a past charge that surfaces late is how approved files reopen in underwriting, so it is answered completely the first time.