Sba Form 1031 PDF Details

Are you looking to get the most out of your real estate investments? If so, SBA Form 1031 is a process you should know about. While it's often considered complicated, mastering the details and nuances of this form can help you defer capital gains taxes when disposing of investment property, allowing for more significant profits from these transactions. In this blog post, we'll cover everything you need to know about SBA Form 1031 and how it works. We'll look at who qualifies for the exchange program under IRS rules as well as what documents are needed and important deadlines that must be met in order to take advantage of its benefits. So read on to learn more!

QuestionAnswer
Form NameSba Form 1031
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namessba portfolio financing business administration, sba 1031, financing report form, portfolio form business

Form Preview Example

 

OMB No. 3245-0078

 

Expiration Date 11/30/2020

U.S. Small Business Administration

 

Portfolio Financing Report

 

 

 

Name of Licensee___________________________________

License Number___________

Part A - Small Business Concern Data

1.

Name of Small Business ___________________________________ 2. Employer Identification Number ____-____________

3.

Street Address _________________________________________________________________________________

4.

City_________________________ 5. State______ 6. ZIP Code _________ 7.

County __________________________

8.

Small Business Email Address _______________________ 9. Contact Person for

Email _____________________________

10.

Date Business Established __/__/__ 11. Form of Business ____ 1) Corporation 2) Partnership

3) Proprietor 4) LLC

12a.

NAICS Code ______________ Industry __________________________________________

 

12b.

Energy Saving Qualified Investment? ____ If checked, was Energy Saving debenture used to finance investment? _____

13.

Percentage of Small Concern (if any) Owned by: American Indian or Alaska Native: ____%

Asian: ____%

Black or African American: ____% Hispanic or Latino: ____% Native Hawaiian or Other Pacific Islander: ____% White: ____%

14a. Percentage of Small Concern Owned by Women (if any) _____%

14b. Percentage Owned by Veterans (if any) _______%

15.

CEO or President (may select one or more):

Woman:____

American Indian or Alaska Native: ____ Asian: ____

Black or African American: ____ Hispanic or Latino: ____ Native Hawaiian or Other Pacific Islander: ____ White: ____

 

 

 

Part B - Prefinancing Information

 

 

16.

Prefinancing Status: ____ (1) New Information

(2) Previously Submitted (3) Acquired Business (4) New Business

17a. Stage of Company at Financing:________________ 17b. Technology developed with SBIR/STTR funding:_____________

18.

Small Business Concern’s Pre-Money Valuation: ___________________________

19.

Fiscal Year End Immediately Prior to Date of Financing (Month/Day/Year) _____/_____/_____

20.

Gross Revenue for Prior Fiscal Year $______________

21.

After-Tax Profit or (Loss) for Prior Fiscal Year $____________

22.

Income Taxes for Prior Fiscal Year: Federal $_________________ State $_________________ Local $________________

23.

Net Worth $______________

24.

Number of Employees _________

Part C - Financing Information

25. a. Date of Financing ___/___/____ b. Date of Disbursement ___/___/____ 26. Did Licensee lead this investment? _____

27. Purpose of Financing (Percentage of Financing that will be used to support each category below. Percentages should total 100%.)

a. Working Capital or Inventory Purchase

____

b. Plant Modernization or Leasehold Improvement

____

c. Acquisition of All or Part of an Existing Business

____

____

d. Consolidation of Obligations or Non-SBIC Debt Refunding

e. New Building or Plant Construction

____

 

f. Acquisition of Machinery and Equipment g. Land Acquisition or Dwelling Construction h. Marketing Activities

i. Research and Development j. Other

____

____

____

____

____

28.Is this the first Financing of this Small Business by the Licensee? _______

29.Financing Instruments and Applicable Amounts (for participations, include Licensee's portion only):

Instrument

Amount

Initial Interest Rate(s)

% Actual Ownership

Loan Only

$__________

__________%

 

Debt with Equity Features

$__________

__________%

 

Equity Only

$__________

 

__________%

Total Licensee Financing

$__________

 

 

30.Total Size of Financing Round for Small Business Concern: _________________________

31.Is this Financing structured using one or more passive businesses as defined in 13 CFR 107.720(b)(1)? ___

If the answer to number 31 is “Yes”, you must complete Part D.

32.Financing Comments:

SBA Form 1031 (11/2017) Previous Editions Obsolete

OMB No. 3245-0078

Expiration Date mm/dd/yyyy

U.S. Small Business Administration

Portfolio Financing Report

Part D – Passive Business Financing Information

Only provide Part D if the financing was structured using at least one passive business. The SBIC will upload a PDF describing the financing as an attachment to this Form 1031 which will include the following information:

∙Qualifying Exception: Identify the qualifying exception under which the passive business Financing was performed (either §107.720 (b)(2) Exception for pass-through of proceeds to subsidiary or §107.720 (b)(3) Exception for certain Partnership Licensees). If the Financing was performed pursuant to §107.720 (b)(3), identify the qualifying reason (e.g., avoidance of unrelated business taxable income).

∙Passive Business Entities: For each passive business involved in the Financing, provide the name and employer ID.

∙Financing Structure Description: Describe the Financing structure, including the flow of the money from the SBIC through each passive entity to the non-passive Small Business Concern identified in Part A (including amounts and types of securities), and the ownership between the SBIC through each entity to the non-passive Small Business Concern. You may use diagrams to help explain your structure, if beneficial.

Example:

∙Qualifying Exception: §107.720 (b)(3) Exception for certain Partnership Licensees; Qualifying Reason: UBTI Blocker Corporation

∙Passive Business Entities:

OName: ABC Corporation; Employer ID: xx-xxxxxx

OName Acme LLC, Employer ID: xx-xxxxxx

∙Financing Structure Description: The SBIC provided $1 million in equity to ABC Corporation, which in turn passed $1 million in equity to Acme LLC, which in turn passed $995 thousand in equity to Acme Manufacturing LLC, the non-passive Small Business Concern. As part of this Financing, the SBIC also provided $3 million in debt directly to Acme Manufacturing LLC. The SBIC wholly owns ABC Corporation, which in turn owns 8% of Acme LLC, which in turn owns 80% of Acme Manufacturing LLC.

Part E - Transmission Verification

Transmission Date _____/_____/_____

Use of Information: SBA Form 1031 is to be completed only by small business investment companies (SBICs) licensed by the Small Business Administration (SBA). This form contains Portfolio Concern Financing and supplementary information that SBA uses to evaluate an SBIC's investment activities and compliance with SBIC program requirements. SBA also pools information provided by individual SBICs to analyze the SBIC program as a whole and the impact of SBIC Financings on the growth of small business.

The information provided is protected to the extent permitted by law, including Exemptions, 4, 6 and 8 of the Freedom of Information Act (FOIA) 5 U.S.C. 552, which allow SBA to exempt from disclosure financial data on individual companies.

Instructions for Submitting Completed Form: SBA Form 1031 must be completed and filed electronically in the SBIC-Web system. SBIC-Web requires an SBA-approved user account. Submit your account request to sbicwebsupport@sba.gov. Responses to Part A questions 13 through 15 are voluntary and will be held confidential.

PLEASE NOTE: The estimated burden for SBICs to complete this form, including compiling and submitting the information is as

follows: For SBICS not reporting investments in passive businesses, the time is 12 minutes for standard SBICs and 14 minutes for Impact SBICs. The estimated time for all SBICs reporting investments in passive businesses there is an additional 30 minute burden. You are not required to respond to this information collection if a valid OMB approval number (3245-0078) is not displayed. If you have questions or comments concerning this estimate or other aspects of this information collection, please contact the U.S. Small Business Administration, Chief, Administrative Information Branch, Washington, DC 20416 and/or SBA Desk Officer, Office of Management and Budget, New Executive Office Building, Room 10202, Washington, DC 20503.

PLEASE DO NOT SEND FORMS TO OMB.

SBA Form 1031 (11/2017) Previous Editions Obsolete

How to Edit Sba Form 1031 Online for Free

1031 form business administration can be filled out online very easily. Simply use FormsPal PDF editor to finish the job fast. In order to make our editor better and easier to utilize, we continuously design new features, with our users' suggestions in mind. To begin your journey, consider these easy steps:

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When it comes to fields of this precise document, here's what you need to do:

1. Begin filling out your 1031 form business administration with a group of necessary blank fields. Consider all of the important information and be sure absolutely nothing is omitted!

Simple tips to prepare sba 1031 stage 1

2. Right after performing the previous part, go on to the subsequent stage and fill in the necessary particulars in these fields - a Stage of Company at Financing b, a Date of Financing b Date of, Purpose of Financing Percentage, a Working Capital or Inventory, f Acquisition of Machinery and, Is this the first Financing of, Financing Instruments and, Instrument, Amount, Initial Interest Rates, Actual Ownership, Loan Only Debt with Equity, and Total Size of Financing Round for.

The way to prepare sba 1031 portion 2

3. This third part is normally hassle-free - fill out every one of the empty fields in OMB No Expiration Date mmddyyyy, US Small Business Administration, Part D Passive Business Financing, b Exception for passthrough of, Passive Business Entities For, each passive entity to the, Example, Qualifying Exception b Exception, Corporation, Passive Business Entities, o Name ABC Corporation Employer ID, and Financing Structure Description to conclude this segment.

sba 1031 conclusion process detailed (portion 3)

4. To go onward, this next part involves filling out a handful of blank fields. These comprise of Financing Structure Description, Transmission Date, Use of Information SBA Form is to, and PLEASE DO NOT SEND FORMS TO OMB, which are fundamental to moving forward with this document.

Transmission Date, PLEASE DO NOT SEND FORMS TO OMB, and Financing Structure Description of sba 1031

Always be really mindful while filling out Transmission Date and PLEASE DO NOT SEND FORMS TO OMB, as this is the section in which a lot of people make a few mistakes.

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