The primary purpose is to evaluate the debtor's financial capacity to repay the debt owed to the Agency and determine to what extent the Agency may compromise the debt.
Non-disaster loans: forms are to be completed and signed by the obligor and then submitted to the lender.
Disaster loans: forms are to be completed and signed by the Borrower/Obligor and then submitted to the SBA Disaster Loan Servicing Center handling the account.
Voluntary: providing the requested information is voluntary.
If not provided: SBA would be unable to fully consider your request for a compromise and may exercise its right to pursue immediate and full payment of the debt.
OMB: please do not send forms to OMB.
| Question | Answer |
|---|---|
| Form Name | SBA Form 770 |
| Form Length | 4 pages |
| Fillable? | Yes |
| Fillable fields | 230 |
| Avg. time to fill out | 39 min |
| Edition | 06-24 |
| Previous editions | Obsolete |
| Issuing agency | U.S. Small Business Administration |
| OMB number | 3245-0012 |
| Matches the agency's file | Yes, checked October 2, 2026 |
| Other names | SBA Form 770, SBA 770, Form 770, 770 form, Financial Statement of Debtor |
| Official source | SBA Form 770 (Rev 06-24), U.S. Small Business Administration |
Sba Form 770 isn’t the one you’re looking for?