SBA SOP 50 10 8, B.Ch4.B.6 — Submission of Application for Guaranty for EWCP
Verbatim text of SBA SOP 50 10 8 section B.Ch4.B.6 (Submission of Application for Guaranty for EWCP), effective 2025-06-01. 10 provision(s) quoted from the SOP PDF. SBA's own document page serves superseded editions, and the SOP is further amended by policy notices — read this with the notices that touch it.
Verbatim regulatory text
Verbatim provisions from SBA SOP 50 10 8, B.Ch4.B.6 — Submission of Application for Guaranty for EWCP — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
SOP 50 10 8 B.Ch4.B.6
6. Submission of Application for Guaranty for EWCP Lenders that do not have delegated PLP-EWCP authority: Must submit applications to SBA via E-Tran for SBA approval under non-delegated procedures. Lenders with delegated PLP-EWCP authority: • May only submit applications to SBA via E-Tran for approval under non-delegated procedures when the loan will refinance the Lender’s same institution debt. • Except for the above, must process all loan applications using their delegated authority. • May submit questions on a specific loan application, including the names of the principals and the address of the project, to [email protected]. Provide enough information on the specific application to avoid delays in responses. Lender is to provide a summary of the facts – SBA will not be reviewing the entire case file or multiple attachments. • Must make a request for an exception for any type of 7(a) loan to [email protected], providing detailed information about the application including the names of the principals, address of the project, and a discussion of the policy for which the exception is being requested along with an explanation why the exception to policy should be granted. If SBA approves the exception, the Lender will receive an email confirming the approval, and the Lender must proceed to process the application under delegated authority. The Lender must retain the approval email in the loan file. Exceptions to policy will be considered on a case-by-case basis, and the decision will only apply to the specific request. The decision must be documented in the appropriate loan file. Lender is to provide a summary of the facts – SBA will not be reviewing the entire case file or multiple attachments. • The [email protected] email account is only for Lenders with delegated authority that have questions about a specific loan application and is not to be used for general policy questions, which should be sent to [email protected]. SBA Form 750, “Loan Guaranty Agreement (Deferred Participation,” was updated as of July 1, 2019. Lenders that executed an earlier version of SBA Form 750, and that also have an executed SBA Form 750EX, are permitted to submit applications for an EWCP guaranty. If a Lender has an earlier version of the SBA Form 750, but no executed SBA Form 750EX, the Lender must execute a July 1, 2019, version of the SBA Form 750 in order to submit an EWCP application. All Lenders with an executed July 1, 2019, version of SBA Form 750 are eligible to submit EWCP applications for guaranty. Lenders with an executed SBA Form 2310, “Supplemental Guaranty Agreement Preferred Lenders Program (PLP) for Export Working Capital Program (EWCP) Loans,” must process EWCP applications under delegated authority. For all loans submitted using the non-delegated process through the LGPC, the Lender must submit applications for guaranty and all attachments via E-Tran to SBA. SBA will make the final determination as to the eligibility and creditworthiness of the Applicant, including approving the uses of proceeds, the adequacy of the collateral being pledged, the structure of the loan and any equity injection to be required from the Applicant and will either approve or decline the loan in E-Tran.
SOP 50 10 8 B.Ch4.B.6.a
a. Contents of Lender’s Application for Guaranty The contents of the Lender’s application for guaranty vary depending on the method of processing chosen by the Lender. Based on the method of processing, the Lender may or may not be required to submit the documentation and exhibits to SBA, but in all cases must maintain those documents and any that support the guaranty request in their loan files. Lender must list in E-Tran at least 81% of the total direct and indirect ownership of the Applicant. The ownership percentage of married spouses and minor children must be combined. SBA Form 1919 includes information on the number of existing employees at the time of application and the number of jobs to be created and/or retained as a result of the loan. • Number of existing employees at the time of application is calculated in accordance with 13 CFR § 121.106, which states in part that SBA counts all individuals employed on a full-time, part-time, or other basis (i.e., jobs are not converted to full-time equivalents). • Jobs “created” means the number of full-time (or equivalent) employees that the small business expects to hire as a result of the loan. • Jobs “retained” means the number of full-time (or equivalent) employees on the payroll of the business at the time of application that will be lost if the loan is not approved. • “Employees” does not include contractors reported via IRS Form 1099. i. Program forms can be found at www.sba.gov/document. a) Centralized 7(a) Loan Submission Instructions can be found at the 7(a) Loan Guaranty Processing Center (“LGPC”) website along with other forms, telephone numbers and fax numbers: www.sba.gov/CitrusHeightsLGPC. b) All EWCP loan files must include the forms and information the Lender requires in order to make an informed credit decision. Any application form obtained by the Lender from the applicant must be certified by the Applicant as true and complete. ii. For applications to reissue an existing EWCP line of credit that is maturing, the Lender must obtain and submit (if processed through non-delegated procedures) new SBA Forms 1919 and lender’s application for guaranty, and all documentation listed below in Paragraph iv. iii. PLP-EWCP Lenders processing loans under their PLP-EWCP authority must obtain and retain the documentation listed below in Paragraph iv. In their file. iv. Non-Delegated EWCP requirements: For all EWCP loans submitted using the non-delegated process through the LGPC, Lender must obtain and retain in its file all documentation listed below. In addition, Lender must submit as part of the application for guaranty those items below emphasized in bold: v. For loans processed under non-delegated authority, Lenders must submit the information required on SBA Form 1919, Lender’s Credit Memorandum, and loan terms and conditions into E-Tran. For loans processed under delegated authority, Lenders must submit the information required in SBA Form 1919 and loan terms and conditions into E-Tran. vi. SBA Form 1919: A separate SBA Form 1919 for each Co-Borrower must be completed and signed by the authorized representative of the Applicant and submitted to the Lender. The aggregate amounts of the “Purpose of the loan” sections across all SBA Forms 1919 should equal the total amount of the loan request. Only the information required on SBA Form 1919, and not the form itself, must be submitted into E-Tran, although the Lender must obtain and retain the signed form in its file. vii. Lender’s Credit Memorandum, which must address all requirements in Paragraph 6, Credit Standards for EWCP, above.
SOP 50 10 8 B.Ch4.B.6.a.viii
viii. Owner Financial Statements (business or personal, as appropriate) dated within 120 days of submission to SBA, for all owners of 20% or more (including the assets of the owner’s spouse and minor children), and proposed guarantors, except Supplemental Guarantors. Lenders may use SBA Form 413 or their own equivalent form.
SOP 50 10 8 B.Ch4.B.6.a.ix
ix. Tax transcripts in accordance with Section A, Ch. 5, Para. B, IRS Tax Transcript/Verification of Financial Information, and either business financial statements or tax returns for the last 3 years and interim financial statements for the Applicant and any affiliates. Interim financial statements must be dated within 120 days prior to submission to SBA. The following information must be provided: a) Year End Balance Sheet for the last 3 years, including detailed debt schedule; b) Year End Profit & Loss Statements for the last 3 years; c) Interim Balance Sheet, including a detailed debt schedule; and interim Profit & Loss Statement;
SOP 50 10 8 B.Ch4.B.6.x
x. Franchise: For any Applicant operating under a franchise, license or similar agreement, refer to Section A, Ch. 1, Para. G., “Franchises”. xi. Documentation specific to the EWCP financing request: a) Copy of letter of credit and/or copy of buyer’s order/contract, if applicable. b) Export credit insurance-related material (policy, application, buyer credit limit), if applicable. c) Copy of export license(s), if required. d) Aging of accounts receivable and accounts payable, and inventory reports (dated within 180 days of application). e) Cash flow projection statement with monthly (may be quarterly for asset-based loans) sales projections for the lesser of 12 months or the term of the loan, highlighting the proposed export transaction(s) to be financed. The cash flow may be limited to proposed export transaction(s) and/or based on anticipated export cash cycle, showing ability to complete projected export transaction(s) and repay the EWCP loan. f) If indirect exporting is being financed, a letter, invoice, order, contract, or other documentation from the Borrower’s customer certifying that they will sell the goods/services purchased from the Borrower to a foreign buyer. xii. Copy of Lease, if applicable; xiii. A detailed listing of all assets purchased with loan proceeds.
SOP 50 10 8 B.Ch4.B.6.x.xiv
xiv. Management agreements, if applicable, and if the management agreement is not part of the franchise disclosure documents for a brand listed on the Franchise Directory. See Section A, Ch. 1, Para. E.3.e. on management agreements.
SOP 50 10 8 B.Ch4.B.6.x.xv
xv. Documentation of U.S. National and/or LPR/USCIS status verification in accordance with Section A, Ch. 1, Para. F, “Businesses Owned by Non-U.S. Citizens”. Lenders must receive verification of the status of each alien required to submit USCIS documents prior to submission of the application or request for loan number to SBA. Lender may submit a copy of the verification received from USCIS or SBA-SLPC or confirm in its credit memorandum that verification has been obtained. Lender must retain documentation proving a U.S. National’s status (birth certificate and/or passport) in the loan file.
SOP 50 10 8 B.Ch4.B.6.b
b. Where to Submit Applications for Guaranty Regardless of the dollar amount or the processing procedure by which the Lender seeks to have the application processed, every application for guaranty must be submitted using E-Tran. i. Non-Delegated EWCP: a) Lender must submit applications via E-Tran and notify the appropriate Export Finance Manager (as assigned to a USEAC) of the submission via email. A complete listing of Export Finance Manager locations and staff contact information is available. b) The Export Finance Manager will conduct a full review and submit a recommendation to the LGPC. The LGPC will review the Export Finance Manager’s recommendation, and the SBA Forms 1919 and Lender’s application for guaranty for final approval. c) If the LGPC declines the loan, the Lender may request reconsideration within 6 months of the date of decline by submitting a request to the LGPC. LGPC will forward the request for reconsideration for a final decision by the Director, International Trade Finance (D/ITF) or designee.
SOP 50 10 8 B.Ch4.B.6.b.ii
ii. PLP-EWCP applications – Lenders submitting applications using their delegated authority must submit guaranty applications via E-Tran, retaining all required documentation in the Lender’s loan file.
SOP 50 10 8 B.Ch4.B.6.b.iii
iii. See Chapter 5, E-Tran Terms and Conditions through Disbursement for all 7(a) Loans, in this Section, for SBA requirements for post-approval and pre- disbursement requests for changes, transfer of guaranty between participating Lenders, and loan closing and disbursement.
Operationalizing SBA SOP 50 10 8, B.Ch4.B.6 — Submission of Application for Guaranty for EWCP
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