Change in Ownership Requirement Letter
Summary
Requirements letter from the U.S. Small Business Administration's COVID EIDL Servicing Center listing what borrowers and guarantors must provide for SBA to consider a change in ownership of a business with a COVID EIDL loan. It states that the letter is not a commitment by the SBA, that approval may be conditioned on curing defaults or collateral deficiencies, and that consent will not release the Original Borrower(s) or any Guarantor(s) from liability. The eight general requirements include a signed letter detailing the request, the borrower authorization form, a copy of the purchase or stock sale agreement, SBA Form 912 from the proposed owners, a YTD Profit and Loss Statement, two years' Federal Tax Returns, amended organizational documents and proof of insurance.
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Full text
U.S. SMALL BUSINESS ADMINISTRATION
COVID EIDL SERVICING CENTER
COVID EIDL CHANGE IN OWNERSHIP
REQUEST REQUIREMENTS
ATTENTION:
This requirements letter is not a commitment by the SBA. Any commitment made by the SBA will be provided separately
in writing. Approval of any request may be conditioned on curing defaults, correcting any collateral deficiencies or issues
with loan documents and/or payment of material monetary consideration. Additionally, any Consent to Change in
Ownership will not release the Original Borrower(s) and/or any Guarantor(s) from liability.
All Borrowers and/or Guarantors are required to provide the following for all applicable sections. Additional
documentation may be required for thorough analysis.
For the U.S. Small Business Administration (SBA) to consider a Change in Ownership request, the below
documentation must be provided.
GENERAL REQUIREMENTS:
1. A Letter signed and dated by all interested individuals detailing the request.
2. Completed, signed and dated Consent to Verify Information and 3rd Party Authorization (Borrower
Authorization) for all SBA borrower(s) and/or guarantor(s) (if any). (hyperlink to fillable PDF)
3. Copy of the Agreement (Purchase Agreement, Stock Sale Agreement, etc.)
4. SBA Form 912 – Statement of Personal History from proposed Owner(s)/Principal(s) (link to fillable PDF)
5. Most recent YTD Profit and Loss Statement for the business.
6. Copies of the previous two years’ Federal Tax Returns for the business
7. Amended Organizational Documents of the business, if applicable
8. Proof of Insurance, as required by the SBA Loan Authorization and Agreement
Please submit the above required information to the US Small Business Administration at the Covid EIDL Servicing
Center as shown below. Complete information packages may be emailed to Covideidlservicing@SBA.gov.
Covid EIDL Servicing Center
E-mail: Covideidlservicing@SBA.gov
Box.com: Box.com - Upload files to Covid EIDL Servicing Center
Phone: 833-853-5638
Fax: 202-481-5799
File and source
- File
- 2026-02_CESC-Change-In-Ownership-4.2025-V1.pdf
- Size
- 228,886 bytes
- SHA-256
- c7a3f163affe53d4ee4b5e9f9bd590449c5141ec349fd5ef695bf466b5617680
- Original
- www.sba.gov