SBA Wants Feedback on Updates to a Small-Business Form
Published Date: 11/4/2026
Notice
Summary
The Small Business Administration (SBA) wants your feedback on updating a key financial form used by small business owners applying for loans and certifications. They plan to add permission to verify info with the Social Security Administration and update accuracy statements. If you’re involved in SBA programs, this could affect you—comments are open until January 4, 2027, with no new costs expected.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
SBA Form 413: SSA identity verification
If you fill out SBA Form 413, you will be asked to give consent so the SBA can obtain information from the Social Security Administration (SSA) confirming your name, Social Security number, and date of birth.
Disaster loan applicants must certify accuracy
If you apply for a Disaster loan, the Form 413 certification language will be updated so you must state that the information provided in the Disaster loan application is accurate to the best of your knowledge.
Form 413 paperwork burden and program uses
SBA Form 413 collects owners', officers', and guarantors' assets and liabilities to analyze repayment ability and creditworthiness, is used in Surety Bond claim recovery, and is used for 8(a) Business Development and WOSB certification economic-disadvantage determinations. The notice estimates 134,921 annual responses and a total annual hour burden of 202,382 hours.
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