SBA Form 33 Authorization to Disburse Proceeds

What Is SBA Form 33?

This is a legal form that was released by the U.S. Small Business Administration on December 1, 2014 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 33?
A: SBA Form 33 is the Authorization to Disburse Proceeds form.

Q: What is the purpose of SBA Form 33?
A: The purpose of SBA Form 33 is to authorize the disbursement of loan proceeds by the Small Business Administration (SBA).

Q: Who needs to complete SBA Form 33?
A: Borrowers who have been approved for an SBA loan and are ready to receive the loan proceeds need to complete SBA Form 33.

Q: Do I need to submit SBA Form 33 before receiving loan proceeds?
A: Yes, SBA Form 33 needs to be completed and submitted before the loan proceeds can be disbursed.

Q: Are there any fees associated with submitting SBA Form 33?
A: There are no fees associated with submitting SBA Form 33.

Q: Is there a deadline for submitting SBA Form 33?
A: The deadline for submitting SBA Form 33 may vary depending on the terms of the loan, so it is important to check with the lending institution or refer to the loan agreement.

Q: What information is required on SBA Form 33?
A: SBA Form 33 requires the borrower's name, address, loan number, loan amount, and other relevant details.

Q: Can SBA Form 33 be submitted electronically?
A: Yes, in many cases, SBA Form 33 can be submitted electronically, but it is best to confirm with the lending institution.

Q: What happens after submitting SBA Form 33?
A: After submitting SBA Form 33, the lending institution will review the form and, upon approval, disburse the loan proceeds to the borrower.