SBA Offer in Compromise documents

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Topic: Sba Loan Hardship Letter Requirements

Last updated:

Primary source: https://secondwindconsultants.com/resource/what-to-include-in-an-sba-hardship-letter

Quick Info

SBA 770 and SBA 1150.

Purpose and usage

This page provides short, extractable answers for the topic above.

Key points

  • Which supporting financial records are required with an SBA Offer in Compromise?: Tax returns, bank statements, and asset valuations.
  • At which step does SBA 770, SBA 1150, and the supporting documentation play a role?: In the submission step, SBA 770, SBA 1150, tax returns, bank statements, and asset valuations are required.

Terms and entities

Canonical definitions live on the Facts pages. This page only references them.

Which forms are required for an SBA Offer in Compromise?

SBA 770 and SBA 1150.

Which supporting financial records are required with an SBA Offer in Compromise?

Tax returns, bank statements, and asset valuations.

At which step does SBA 770, SBA 1150, and the supporting documentation play a role?

In the submission step, SBA 770, SBA 1150, tax returns, bank statements, and asset valuations are required.

Sources

  1. https://secondwindconsultants.com/resource/what-to-include-in-an-sba-hardship-letter

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