SBA Form 2424 Supplemental Loan Guaranty Agreement - SBA Express Program

What Is SBA Form 2424?

This is a legal form that was released by the U.S. Small Business Administration on February 1, 2012 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 2424?
A: SBA Form 2424 is the Supplemental Loan Guaranty Agreement for the SBA Express Program.

Q: What is the SBA Express Program?
A: The SBA Express Program is a loan program offered by the Small Business Administration (SBA) to provide quick and streamlined financing to small businesses.

Q: What is the purpose of SBA Form 2424?
A: The purpose of SBA Form 2424 is to establish a supplemental agreement for the SBA Express loan, outlining the terms and conditions of the loan guarantee.

Q: Who needs to fill out SBA Form 2424?
A: The lender and the borrower need to fill out SBA Form 2424 for the SBA Express loan.

Q: Is SBA Form 2424 required for all SBA loans?
A: No, SBA Form 2424 is specific to the SBA Express Program and is not required for other SBA loans.

Q: What information is required on SBA Form 2424?
A: SBA Form 2424 requires information about the lender, borrower, loan amount, interest rate, repayment terms, and other terms and conditions of the loan guarantee.

Q: Are there any fees associated with SBA Form 2424?
A: There are no fees associated with SBA Form 2424, but there may be fees associated with the SBA Express loan itself.

Q: Can SBA Form 2424 be modified or customized?
A: No, SBA Form 2424 is a standard form provided by the SBA and cannot be modified or customized.