SBA Form 1971 Religious Eligibility Worksheet for All 7(A) and 504 Loan Programs

What Is SBA Form 1971?

This is a legal form that was released by the U.S. Small Business Administration on May 1, 2017 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is SBA Form 1971?
A: SBA Form 1971 is the Religious Eligibility Worksheet for All 7(A) and 504 Loan Programs.

Q: Who is required to fill out SBA Form 1971?
A: Any religious organization applying for the 7(A) or 504 Loan Programs is required to fill out SBA Form 1971.

Q: What is the purpose of SBA Form 1971?
A: The purpose of SBA Form 1971 is to determine the religious eligibility of a religious organization seeking loans under the 7(A) and 504 Loan Programs.

Q: Is SBA Form 1971 required for all types of loans?
A: No, SBA Form 1971 is only required for the 7(A) and 504 Loan Programs.

Q: What information do I need to provide on SBA Form 1971?
A: You will need to provide information about your religious organization's mission, governance, and the use of loan proceeds on SBA Form 1971.

Q: Is SBA Form 1971 confidential?
A: Yes, the information you provide on SBA Form 1971 is confidential and protected.

Q: What happens after I submit SBA Form 1971?
A: After you submit SBA Form 1971, it will be reviewed by the Small Business Administration to determine your religious eligibility for the loan programs.