Closing Documents
What to expect in your SBA loan closing docs, what they mean, and how to sign everything confidently—without getting overwhelmed.
WHY
This is the final step before funds are released. The SBA and bank require signed loan documents to officially close the loan and issue the funds.
These documents confirm:
✅ You understand the loan terms
✅ You’re agreeing to repay the loan
✅ You’re providing any final signatures the SBA needs for compliance
Once these are complete, funds typically land within 1–3 business days.
WHAT
A set of legal documents delivered via DocuSign or secure portal that usually include:
-
Final loan agreement
-
SBA Form 1050 (use of proceeds)
-
Personal guarantee (for 20%+ owners)
-
Any last disclosures or resolutions required by the lender
Some banks also include ACH forms and insurance confirmations.
HOW
-
You’ll receive a DocuSign or email with links to review and sign electronically
-
Read carefully—ask us if anything feels unclear or different from your term sheet
-
Sign all required sections and return promptly
📣 Pro Tips:
-
Set aside 20–30 minutes to review without distractions
-
If you see a personal guarantee, it’s expected—this is standard for SBA
-
If multiple owners are signing, coordinate so everyone finishes around the same time
FAQ – Final Loan Agreement
Q: Are the terms final at this point?
A: Yes. The rate, amount, and payment terms should match your term sheet—unless you’ve been told otherwise during underwriting.
Q: How long after I sign will I get the funds?
A: Usually within 1–3 business days, assuming no last-minute compliance delays.
Q: Can I make changes to the docs before signing?
A: Not directly—but if you have concerns, talk to us first and we’ll raise it with the bank before anything is finalized.
Q: What if I don’t understand something in the agreement?
A: That’s exactly what we’re here for. Send us a screenshot or question and we’ll walk you through it in plain English.