SBA Eligibility Questionnaire for Standard 7(A) Guaranty - SEED Corp

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COMMENTS PAGEVersion 50 10 5(D) – Revised 11-1-20118
ALIEN OWNERSHIP ELIGIBLITY ADDENDUM (Addendum A)Respond to the statements below. This will assist in determining eligibility and other requirements relating to alienownership:1. None of the principals of the Applicant (or of any concern with an ownership interest in the Applicant) areundocumented (illegal) aliens. TRUE FALSEIf “False”, the loan is ineligible.If “True”, Lender must obtain USCIS verification of the status of the documented alien(s) using USCIS form G-845. Submit this USCIS verification to the SBA together with the application. Electronic verification isavailable by email to SacramentoAlienVerification@sba.gov.2. Check one of the following boxes:a. The Applicant business is at least 51 percent owned by individuals who are either U.S. citizens or have LegalPermanent Resident (LPR) status and who control the management and daily operations of the business. Ifchecked:The applicant business is not subject to the additional requirements in 2.b. below.b. The Applicant business is at least 51 percent owned by aliens with a verified status other than LPR, or isowned by Foreign Nationals or Foreign Entities.If checked; the applicant must comply with each of the following requirements:i) The application must contain assurance that management is expected to continue in place indefinitelyand has U.S. citizenship or verified LPR status.ii) Management must have operated the business for at least 1 year prior to the application dateiii) Management must provide a personal guaranty, unless the Lender’s Credit Memo explains why thisguaranty is not needed, andiv) Collateral is pledged that is sufficient to pay the loan in full at any time.The applicable USCIS verification and alien ownership requirements have been met. TRUE FALSEIf “False”, the loan is ineligible until these requirements have been met3. The Applicant is not a foreign-owned business. TRUE FALSEIf “False”, Applicant must comply with each of the following: Be located in the U.S., Operate primarily within the U.S., Pay taxes to the U.S., Use loan proceeds exclusively for the benefit of the domestic operations Use American products, materials and labor Separate continual and consistent management of the business has been provided by a U.S. citizen orby a verified LPR and will continue indefinitely Management has operated the business for at least 1 year prior to the application date Management will provide a personal guaranty, unless the Lender’s Credit Memo explains why thisguaranty is not needed, and Collateral is pledged that is sufficient to pay the loan in full at any time.Version 50 10 5(D) – Revised 11-1-20119
Page 1 and 2: SBA ELIGIBILITY QUESTIONNAIRE FOR S
Page 3 and 4: VIII. Preference -- A lender may no
Page 5 and 6: d) Maturity: The maturity of the lo
Page 7: XV. Special Programs -- CAPLines, E
Page 11 and 12: AFFILIATE ELIGIBILITY ADDENDUM (Add
Page 13 and 14: DEBT REFINANCING ADDENDUM QUESTIONN
Page 15 and 16: CHANGE OF OWNERSHIP ADDENDUM (Adden
Page 17 and 18: CAPLINES ADDENDUM (Addendum H)The C
Page 19 and 20: EWCP ADDENDUM (Addendum I)The EWCP

SBA Eligibility Questionnaire for Standard 7(A) Guaranty - SEED Corp

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