This form is a Loan Agreement. The lender agrees to make a loan to a company within the terms of the agreement. However, the lender is not obligated to lend the requested funds until it has received proper documentation from the company seeking to borrow money.
Guam Loan Agreement - Long Form
Category:
State:
Multi-State
Control #:
US-00559
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Loan Agreement - Long Form?
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FAQ
As a contractor doing business on Guam, you are required to report and file a Guam Income Tax Return. If you are a (domestic) corporation incorporated under the laws of the Territory of Guam, you are required to file Form 1120.
The form is used by renters and homeowners to apply for assistance to repair or replace disaster-damaged real estate or personal property.
Renters and homeowners may borrow up to $40,000($100,000 for Disasters declared on or after July 31st) to replace or repair personal property ? such as clothing, furniture, cars and appliances ? damaged or destroyed in a disaster.
Documents required to apply for an SBA disaster loan Contact information for all applicants. Social Security numbers for all applicants. FEMA registration number. Deed or lease information. Insurance information. Financial information. Employer Identification Number (EIN)
What Are the Ramifications If I Use SBA Funds for Personal Use? The ramifications will cause a great deal of potential legal and financial problems. The loan could be declared in default and called immediately. You could face legal issues for fraud as well as tax issues with the IRS for failing to report income.
How much does it cost to file the Guam sworn annual report? It costs $100 but if late, there is a $50 late fee.
The minimum credit score you need to get an SBA loan will vary based on your lender and loan type. You may be able to qualify for an SBA 7(a) loan with a 650 credit score, but a score of 690 or higher will strengthen your application.