Glossary · People and paperwork
Certifications
In short
Formal attestations or statements confirming certain facts or conditions, often required by the lender or SBA. Buyers will sign many certifications, confirming their understanding and agreement to loan terms and eligibility.
What it means in a deal
During the SBA loan process, you'll sign numerous certifications related to your eligibility, use of proceeds, and compliance with SBA rules. These are legally binding and attest to the truthfulness of your statements. Read each one carefully; misrepresentations can lead to loan default or even fraud charges.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Certifications
- What is the purpose of collecting borrower certifications on SBA Form 1919?
- What specific certifications on SBA Form 1920 (or E-Tran equivalent) relate to credit elsewhere?
- Are specific certifications or licenses required for my industry for SBA 7(a) loan approval?
- Are there specific certifications or licenses required for my industry for SBA 7(a) loan approval?
- What eligibility certifications are collected on SBA Form 1919 that are crucial for a 7(a) loan application?
- How does a lender verify the accuracy and completeness of borrower certifications on SBA Form 1919 regarding criminal history?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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