The purpose of SBA Form 1919 is to provide the SBA with crucial information about the borrower and facilitate a background check. It includes 22 questions that must be answered carefully and thoroughly to avoid delays in the application processing. Questions include personal information such as legal name of the business, name, social security number, date of birth, place of birth, and citizenship status. It also includes questions about military status, gender, race, and ethnicity, but these questions are voluntary and don’t have any bearing on the SBA’s credit decision. Additionally, questions about business affiliates, exporting goods, and criminal history are included.
Sources:
www.sba7a.loans/sba-7a-loans-small-business-blog/what-is-the-sba-form-1919