ORIGINFORMSTUDIO.COM – SBA Form 2162 – 10-Yr LMI Debenture Certification Form – The Small Business Administration (SBA) provides financing options for small businesses through various loan and grant programs. One such program, the 10-year Low & Moderate Income Debenture Program, is designed to provide financial support to qualified small businesses in underserved markets. To be eligible for participation, applicants must complete the SBA Form 2162 10-Yr LMI Debenture Certification Form. This article will explain what this form is, who should submit it and how to fill it out correctly.
Download SBA Form 2162 – 10-Yr LMI Debenture Certification Form
|Form Number||SBA Form 2162|
|Form Title||10-Yr LMI Debenture Certification Form|
|File Size||124 KB|
|Form By||SBA Forms|
What is an SBA Form 2162?
SBA Form 2162, also known as the 10-Year Low-Moderate Income Debenture Certification Form, is a government form and must be completed by borrowers who apply for SBA 7(a) loan funds. The form helps to ensure that the applicant meets the requirements of SBA’s Low and Moderate Income Investment Program (LMI).
The LMI program was established in order to increase access to capital for businesses that serve low and moderate income populations. When applying for an SBA 7(a) loan, applicants must complete this form in order to show that they meet the requirements of the LMI program. This includes providing detailed information about their business operations, such as its size and location, along with demographic data on its customer base.
What is the Purpose of SBA Form 2162?
The Small Business Administration Form 2162, officially known as the 10-Year Low-Moderate Income (LMI) Debenture Certification Form, is an important document that must be completed in order to receive a loan from the SBA. This form serves as evidence of a borrower’s commitment to promote economic development in areas with low and moderate income populations. It also certifies that the borrower has met all the requirements for eligibility for the LMI program.
The main purpose of this form is to ensure that borrowers meet all of the necessary criteria for participating in the LMI program. This includes providing proof of income, demonstrating good credit history, and meeting other qualifications set by the SBA. The form must be filled out accurately to ensure that it complies with current regulations and guidelines set by the government agency.
Where Can I Find an SBA Form 2162?
The SBA Form 2162 is a 10-year Low-Moderate Income Debenture Certification form that must be completed and submitted to the Small Business Administration (SBA) in order to obtain an SBA loan. The form is used to determine eligibility for certain loan programs, such as the 504 Loan Program and the Microloan Program.
The form can be found on the official website of the Small Business Administration. It is available in both PDF and Word Document formats, making it easy to download and fill out. Additionally, several online sources provide step-by-step instructions on how to complete the form correctly. Furthermore, if you have any questions related to filling out this form or need additional information, you can contact your local SBA office for help.
SBA Form 2162 – 10-Yr LMI Debenture Certification Form
SBA Form 2162, or the 10-Year Low-Moderate Income Debenture Certification Form, is an important document for businesses that wish to access financing from the Small Business Administration. This form serves as a way to certify that the business will use proceeds from a loan guarantee provided by the SBA to help support low and moderate income communities.
The SBA’s 10-year debenture program has been in place since 1991 and is designed to provide long-term financing for businesses located in low and moderate income areas. The form must be completed by the company looking to receive loan guarantee funds, which certifies that at least 51 percent of its employees are either low or moderate income individuals. Additionally, this certification must demonstrate that at least 30 percent of the capital raised through a loan guarantee will go toward improving these communities.