The 7(a) loan program is SBA's primary business loan program for providing financial assistance to small businesses. SBA Form 1391 (5-00), Ref 50 30.When applying for an SBA 7(a) loan, you must complete SBA Form 1919. If you include a choiceoflaw provision in your loan agreement, the agreement must state that federal law applies when SBA holds the Note. A business loan agreement is a legally binding document that states the details of a loan between a lender and borrower (usually the business owner). The SBA uses Form 413 to assess the personal financial status of loan applicants. We'll help you learn how to fill it out. Interest rate varies a lot between lenders so it's worth shopping around. Set up your repayment method. Non-bank lenders have emerged to fill the financing hole affecting small businesses with few or no valuable assets to put up as collateral.