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Deal14
Sample package

Sample SBA 7(a) lender package

Sample — fictional deal. Every figure below is illustrative (a made-up business, “Cascade HVAC Services”). Deal14 generates a real, lender-ready package from your own deal.

This is what a complete SBA 7(a) acquisition package looks like: the deal math a lender needs up front, plus the full document checklist that has to come with it.

Deal snapshot

Sources & uses

Sources
SBA 7(a) loan$2,160,000
Buyer equity injection (10%)$240,000
Seller note (full standby)$240,000
Total$2,640,000
Uses
Purchase price (enterprise value)$2,400,000
Working capital$150,000
Closing costs & SBA fees$90,000
Total$2,640,000

DSCR summary

CFADS = adjusted EBITDA $600,000 − market manager salary $150,000 − taxes/working capital ≈ $120,000 = $330,000. Annual debt service on the $2,160,000 SBA loan (≈11% / 10 yr) ≈ $357,000… so this illustrative deal would need a stronger EBITDA or lower leverage to clear the 1.25× floor — exactly the kind of thing the model surfaces before you submit.

(Deal14 computes CFADS and DSCR from your real numbers; try the DSCR calculator.)

Document checklist

Buyer file
  • 3 yrs personal tax returns — Lender verifies buyer income + reconciles to transcripts
  • Bank/brokerage statements for equity injection — Injection funds must be sourced + seasoned
  • Buyer resume — Management experience vs the target industry
Business (target) file
  • 3 yrs business tax returns — Reconciled to IRS transcripts before disbursement
  • 3 yrs financial statements — Must tie to the tax returns
  • Interim financials (YTD P&L + BS) + prior-year comparable P&L — Stale interims (>60d) trigger a re-request; lenders compare the same period year-over-year
  • AR aging — Collectibility of receivables
  • AP aging — Payables due at/after close
  • Business debt schedule — What is assumed / refinanced / paid off
  • Premises lease — Location dependency + landlord consent
Deal documents
  • LOI / purchase agreement — Price, allocation, structure
  • CIM / offering memorandum — Deal14 already ingests CIMs for extraction; the broker package lists it as a submission requirement too

SBA Forms 413 & 1919

Form 413 (Personal Financial Statement) captures the buyer’s assets, liabilities, net worth, and liquidity. Form 1919 (Borrower Information Form) captures ownership, citizenship, criminal history, affiliations, and the SBA eligibility questions. Deal14 pre-fills Form 413 from your saved personal financial statement and structures the 1919 answers — both included in the full package export.

Generate this from your real deal in Deal14 →

FAQ

What is in an SBA 7(a) lender package?
A complete package includes the buyer file (3 years personal tax returns, personal financial statement / Form 413, sourced equity-injection statements, resume), the target-business file (3 years business returns + financials, interim financials, AR/AP aging, debt schedule, lease), the deal documents (LOI / purchase agreement), and a sources-&-uses and DSCR summary. SBA Forms 413 and 1919 capture the borrower’s finances and eligibility.
What documents does an SBA acquisition lender require from the buyer and seller?
From the buyer: personal tax returns, a personal financial statement, proof of the equity injection (seasoned + sourced), and a resume. From the seller/target: business tax returns and financials that reconcile, interim year-to-date statements, AR/AP aging, a business debt schedule, and the premises lease.
What are SBA Form 413 and Form 1919?
Form 413 is the SBA Personal Financial Statement (assets, liabilities, net worth, liquidity). Form 1919 is the Borrower Information Form (ownership, citizenship, criminal history, affiliations, and eligibility questions). Both are required for an SBA 7(a) loan.

See also: the SBA lender directory and what Deal14 is.

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