Disaster Loan Forms Info.

We recommend you download and complete the forms first and then apply online. The forms for the application are at this link: https://disasterloan.sba.gov/ela/Information/PaperForms

Tips for the application process:

  • Use Microsoft Edge Browser (Chrome may work)
  • Do the application during off hours.
  • Write down your ID and password.  The SBA cannot retrieve it.
  • There is a glitch in uploading some of the forms one user reported.
    • The fix was to go into the account profile and delete the email account (in to boxes). It is not a required field. Once it was deleted we were able to get past the blocking point and complete the application.

Information that will be needed.

  1. Completed SBA loan application [SBA Form 5] for partnerships, corporations, limited partnerships, nonprofits, limited liability entity – information needed for Form 5:
  2. Organization type and legal name; Trade Name if any [Secretary of State registration]
  3. EIN
  4. Address and phone numbers
  5. Date business established
  6. Number of employees [pre-disaster]
  7. Insurance coverage [if any] coverage type, name of company and agent
  8. Owners – names; title; % owned; SSN; marital status, DOB, POB, phone number, address
  9. Completed SBA loan application [SBA Form 5c] for sole proprietorships – information needed for Form 5:
  10. Legal names; EIN; DOB; POB; marital status
  11. Address; phone numbers; emails
  12. Debts – mortgages, installment loans, student loans, credit cards, insurance, real estate taxes
  13. Number of employees [pre-disaster]
  14. Insurance coverage [if any] coverage type, name of company and agent, policy number
  15. Assets
  16. Tax Information Authorization [IRS Form 4506T] for the applicant, principals owning 20% or more of the applicant business, each general partner or managing member;  and for any owner who has greater than 50% ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management. Information needed:
  17. Names on tax return
  18. SSN or EIN
  19. Current name/address
  20. Previous address if different

NOTE: WHEN YOU COMPLETE THIS FORM, IT IS EASIER IF YOU HAVE THE LAST FEDERAL TAX RETURNS AT HAND.

  1. Schedule of Liabilities [SBA Form 2202] – list all notes, mortgages and accounts payable.  Specific information needed:
  2. Name of Creditor
  3. Original Amount
  4. Original Date
  5. Current Balance
  6. Current or Delinquent?
  7. Maturity Date
  8. Payment Amount [month-year]
  9. How secured
  10. Personal Financial Statement[SBA Form 413] information required:
  11. Assets
  12. Liabilities
  13. Income

Monthly sales [SBA Form 1368] – information needed

  • Monthly sales figures beginning 3 years prior to disaster and continuing through the most recent month available
  • If not in business for 3 years, complete estimate on page 2
  • Add narrative as you see needed

These are the Attachments that will be needed:

  1. Complete copies of the most recent Federal Income Tax Return for the applicant [business]
  2. Complete copy, including all schedules, of the most recent Federal income tax return for principals. General partners or managing member, and affiliates.
  3. If the most recent Federal income tax return has not been filed, a year-end profit and loss statement and balance sheet for the year
  4. A current year-to-date profit and loss statement [within 90 days]
  5. Projections [possible]

Resources:

SBA Economic Injury Disaster Loan website:  www.Disasterloan.sba.gov/ela/

MN State SBDC Website:  www.mn.gov/deed/business/help/sbdc/