What is the SBA Form 912 And Is It Required? | Fora Financial Blog
What is SBA Form 912 and Does Your Business Need to Complete It?
December 05, 2018

What is SBA Form 912 and Does Your Business Need to Complete It?

SBA Form 912 – Statement of Personal History, is a document that the Small Business Administration (SBA) uses to evaluate applicants’ character and credit eligibility who’re applying for an SBA loan.

Since the SBA uses this form as part of its assessment of your eligibility for any loan backed by the SBA, familiarizing yourself with this form is critical. If you’re currently in the process of applying for an SBA loan, keep reading to find out about the SBA Form 912, so that you can determine if you’ll need to complete it.

Does My Business Need to Complete Form 912?

Any business owner who’s applying for a SBA loan could be required to fill out this form. However, if you don’t have a criminal history, you may not be asked to complete it.

That said, different lenders have their own procedures, so while one lender may require you to complete SBA Form 912, another might not. Your best bet is to ask your lender if they need you to fill out the form, so that you’ll be prepared.

If you’re asked to submit the form, keep in mind that certain people in your company could be required to complete it as well. Here’s who the SBA says must fill out the form, depending on your business structure:

  • For a sole proprietorship, only the owner.
  • If you’re in a partnership, all general partners, any limited partner with 20 percent or more equity, and any partner involved in managing the business.
  • Own a corporation? Then all owners of who have 20 percent or more of the corporation will need to complete the form, in addition to every officer and director.
  • For limited liability companies (LLCs), all members who own 20 percent or more of the company, each officer, director, and managing member will be asked to submit the form.
  • Any person hired by the business to manage day-to-day operations.
  • Any trustor if the business is owned by a trust.

What Information is Included on Form 912?

If you’d like, you can view Form 912 on the SBA website. Although the form is important for assessing your program eligibility, it’s relatively short. You’ll have to provide a few personal details about yourself, your ownership percentage, and your lender’s information. Then, you’ll need to provide the following details about your criminal history:

  1. If any formal criminal charges are currently being brought against you.
  2. If you’ve been arrested in the past six months for a criminal offense.
  3. If you’ve been convicted, plead guilty or no contest, been placed on parole, or pretrial diversion.

How to Answer Criminal History Questions on Form 912

Of course, to start, you should answer questions regarding your criminal history truthfully, even if you don’t think that it’s pertinent to your role as a business owner. Any information you provide can be verified, so being dishonest will result in your application being denied. According to Form 912, you may also face criminal charges for lying on your application.

If you answer “yes” to any of these questions, you’ll need to provide details including dates, location, fines, sentences, and other information about the crime or criminal charges.


If you have a criminal history, don’t let the Form 912 prevent you from applying for a loan. A criminal history in itself won’t automatically disqualify you from SBA loans. Of course, answering yes to any questions on Form 912 reduces your chances of qualifying, but your application won’t be automatically denied.

Do you have more questions about Form 912? Let us know in the comment section below!

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at [email protected].
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