Small Business Loans Demand Birthdates in Updated SBA Form Quest
Published Date: 2/23/2026
Notice
Summary
The Small Business Administration is updating a key loan form to collect more detailed info about business owners, like birthdates and citizenship, to keep up with new rules. This affects anyone applying for SBA 7(a) loans and aims to make the process clearer and fairer. You’ve got until April 24, 2026, to share your thoughts before the changes go live—no extra costs, just better info gathering!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Estimated Scope and Time Burden
The SBA estimates the revised Form 1919 will have 103,817 total annual responses and a total estimated annual hour burden of 32,850 hours. These numbers show how many small business 7(a) applicants could be affected and the aggregate time needed each year to complete the form.
SBA Loan Form Adds Owner Details
If you apply for an SBA 7(a) loan using Form 1919, the SBA plans to require more owner information, including each owner's date of birth (or date of formation for entity owners), citizenship status, entity type for entity owners, and a spouse's legal name if the spouse is also a direct or indirect owner. The changes also add new certifications and revise questions and instructions to conform with Executive Order 14159 issued January 20, 2025. You can comment on these proposed changes through April 24, 2026.
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Key Dates
Department and Agencies
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