Sba Form 750 PDF Details

Entering the realm of small business support, the SBA 750 form plays a crucial role, especially for those seeking to expand their entrepreneurial efforts into the international market. This document, officially titled the Small Business Administration Supplemental Guaranty Agreement for the Export Working Capital Program (EWCP), serves as a binding agreement between lenders and the Small Business Administration (SBA), a noteworthy entity of the United States Government. The essence of this form lies in its function as a supplemental agreement to previous Loan Guaranty Agreements, aimed solely at facilitating loans under the EWCP to empower small businesses in their export activities. It outlines a structured agreement, wherein lenders commit to adhering to SBA's rules, maintaining adequate international banking services, and ensuring proficient loan administration to support export activities of small businesses. This agreement also specifies the obligations of lenders, such as designating a contact person for the EWCP and notifying the SBA of any status changes, ensuring a seamless communication channel. Moreover, it highlights conditions under which the agreement might be terminated and the process for modifications, ensuring both parties are well-informed and adaptable to changes. All these components are encapsulated within the SBA 750 form, making it not just a document but a foundational pillar for small businesses aiming to navigate and succeed in the global market.

QuestionAnswer
Form NameSba Form 750
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namessba form 750 loan guaranty agreement, sba form 750 and 750b and 750ex, sba 750, form 750 sba

Form Preview Example

SMALL BUSINESS ADMINISTRATION

SUPPLEMENTAL GUARANTY AGREEMENT

EXPORT WORKING CAPITAL PROGRAM

Agreement made the day of, 20 by and between

(Lender) and the Small Business Administration (SBA), an agency of the

United States Government.

Whereas, this is a Supplemental Guaranty Agreement to the Loan Guaranty Agreements (SBA Forms 750,

revised 10-83, and Form 750B, revised 3-80) between the parties hereto, dated , all the provisions of said Form 750 and 750B Agreements are applicable to Export Working Capital Program (EWCP) loans to small business concerns made hereunder, except as modified or changed herein.

Whereas, the parties intend under this Supplemental Agreement for the Lender to administer loans guaranteed under the Export Working Capital Program;

The parties agree as follows:

1.In submitting to SBA proposed EWCP loans, the Lender will follow SBA Rules and Regulations, as promulgated from time to time, and procedures and standards as set forth in the EWCP Operating Guidelines.

2.Lender will maintain, or engage a correspondent capable of providing, sufficient international banking services, including the ability to process collections and documentary credits, to prudently administer EWCP loans.

3.Lender further agrees to maintain sufficient capability to prudently service EWCP loans, including a monitoring, examination and control system for any revolving EWCP loans.

4.Lender shall identify at least one employee who will be SBA's contact person for the EWCP and who will be available to attend training on SBA's Export Working Capital Program. Lender shall notify SBA of a change of status on individuals so designated, and shall identify a qualified replacement contact, who shall also attend the training seminar. If no qualified replacement is designated by the Lender, SBA, in its sole discretion, may suspend Lender's authority to submit EWCP loans until such time as a qualified replacement is designated.

EWCP Supplemental Guaranty Agreement SBA Form 750EX Rev. (5/10)

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5.SBA and the Lender may terminate this Supplemental Agreement upon ten (10) days prior written notice by certified mail to the other party, provided that such termination will not affect the validity or continued effectiveness of any EWCP loan approved by SBA prior to said termination.

6.SBA reserves the right to delete, modify or supplement any condition of this Agreement as it deems appropriate. In such event, SBA will notify the Lender in writing stating the change and its effective date.

IN WITNESS WHEREOF, Lender and SBA have caused this Agreement to be duly executed the date first written above.

ATTEST:

INSTITUTION

ADDRESS (INCLUDE ZIP CODE)

BY

SIGNATURE

NAME (PRINTED OR TYPED)

TITLE

U.S. SMALL BUSINESS ADMINISTRATION

BY

SIGNATURE

NAME (PRINTED OR TYPED)

EWCP Supplemental Guaranty Agreement SBA Form 750EX Rev. (5/10)

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sba form 750 loan guaranty agreement completion process clarified (stage 1)

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Simple tips to fill in sba form 750 loan guaranty agreement part 2

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