Sba Ppp Loan Agreement Form In Florida
Category:
State:
Multi-State
Control #:
US-00193
Format:
Word;
Rich Text
Instant download
Description
The Sba ppp loan agreement form in Florida is a legal document that facilitates the assumption of a loan from the Small Business Administration by a new party, known as the Assumptor. This form is crucial for individuals or entities who have purchased property secured by an SBA loan and wish to take over the loan's obligations. It outlines the Borrower's indebtedness to the SBA, the terms of the loan, and the Assumptor's responsibilities moving forward. The form requires detailed information, including the amount owed, property descriptions, and recording details of the original loan. It also stipulates that the Assumptor assumes all obligations under the loan agreement, which remains enforceable against the original Borrower. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this document serves as a reliable tool for ensuring compliance with SBA requirements during property transactions. Proper completion of the form is essential; users are advised to fill in the blank sections with accurate details and obtain required notarizations. The form is particularly useful in real estate transactions involving SBA-backed loans, ensuring that all parties are aware of their legal rights and responsibilities in the assumption of the loan.
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FAQ
SBA Form 2483 (3/21) Paycheck Protection Program. Borrower Application Form Revised March 18, 2021.
Paycheck Protection Program. Borrower Application Form. 1. SBA Form 2483 (04/20) ☐
How to fill out SBA form 413 Provide basic business information. Report your assets. Report your liabilities. List your source of income and contingent liabilities to complete section 1. Detail your notes payable to banks and others in section 2. Detail the status of your stocks and bonds for section 3.
