SBA Procedural Notice 5000-829416 Revisions to SOP 50 10 6 Financial Information Verification Procedures to Allow for the Use of IRS Forms 4506-C or 8821 for 7(a) and 504 Loans

The purpose of this Notice is to revise the procedures set forth in SOP 50 10 6 relating to the Tax Transcript/Verification of Financial Information process Lenders and Certified Development Companies (CDCs) (collectively, “SBA Lenders”) use to verify small business borrower financial information (“financial information verification”). Effective with the date of this Notice, SBA Lenders may use either IRS Form 4506-C, IVES Request for Transcript of Tax Return, or IRS Form 8821, Tax Information Authorization, for purposes of financial information verification