Form SBA FORM 2301 SBA FORM 2301 COMMUNITY ADVANTAGE LENDER PARTICIPATION APPLICATION

OMB Control No: 3245-0361
Expiration Date: XX/XX/2023

COMMUNITY ADVANTAGE LENDER PARTICIPATION APPLICATION
The Community Advantage Lender Participation Application (Application) should be completed by lenders requesting to
approve loans under the Community Advantage Pilot Program (CA Pilot Program). Please complete Section 1 before
completing Sections 2, 3 and 4. Section 1 will assist the lender in determining whether the organization meets the criteria
to apply for participation in the CA Pilot Program. After completing the questions in Section 1 and the lender initially
determines that it is eligible to apply for the CA Pilot Program, the lender should complete Sections 2, 3 and 4. If the
lender determines that it is not eligible to apply for the CA Pilot Program, then the lender is not eligible to submit this
Application. Ineligible lenders are encouraged to visit SBA’s Local Assistance website for the location of the nearest
SBA District Office, which can assist your organization in determining which SBA program best fits your needs.
Sections 3 and 4 identify all required documents that lenders must submit along with this Application. Please review the
“Community Advantage Participant Guide” for a more detailed explanation of CA Pilot Program requirements.

SECTION 1. Lender’s Eligibility Questions
1. Identify lender’s type of organization:
SBA-CDC
SBA-Micro-lender

Community Development
Financial Institution (CDFI)

SBA Intermediary Lending
Pilot Program (ILP) Lender

None of the Above
2. Does the Organization have an executed Loan Guaranty Agreement,
SBA Form 750, making it eligible to participate in SBA’s 7(a) loan program?

Yes

No

3. Has the Organization been in business for less than 12 consecutive months?

Yes

No

4. Is the Organization regulated by a Federal financial regulator?

Yes

No

Organizations are eligible to apply for the CA Pilot Program if they are an SBA-CDC, SBA-Micro-lender,
CDFI, or SBA ILP Lender and answered “No” to questions 2, 3, and 4.

SECTION 2. Lender Contact Information
Applicant Name
Business Address
Contact Person and Title
Telephone Number
Business Email Addresses
What is the Organization’s Employer Identification Number?
What date was the Organization established?
Is Organization regulated by a State Agency?
Yes

Fax Number

No

Name of State Regulator (if applicable):

SECTION
3. Required
Documents
(Submit
the documents
identified
inMarket?
this section as
Are you interested
in selling
your Community
Advantage
loans into the
Secondary
Yespart of
Application)
SBA Form 2301 (05/2020)

1

No

SECTION 3: Required Documents (Submit the documents identified in this section as part of
Application)

A. ORGANIZATIONAL INFORMATION
1. IRS Tax Exempt Certification.
2. Certificate of Good Standing from the applicable Secretary of
State.
3. Opinion of independent counsel that the lender is in
compliance with applicable Federal, State and local laws in
the formation and organization of the Lender.
4. List of officers and directors. For each individual listed
include a resume and “Statement of Personal History,” SBA
Form 1081, signed and dated within 90 days of submission to
SBA. Any officer or director who answers “yes” to question
numbers 10a, 10b, 10c or 11on SBA Form 1081 must also
submit finger print-cards.
5. List of key personnel (current and proposed) – including those
who will be involved in loan packaging, processing, closing,
disbursing, servicing and liquidating the lender’s CA loans.
For each individual listed include a resume and SBA Form
1081 signed and dated within 90 days of submission to SBA.
Any key employee who answers “yes” to question number
10a, 10b, 10c, or 11 on SBA Form 1081 must also submit
finger-print cards.
6. Certified copy of a Resolution of the Board of Directors
authorizing submission of application.
7. If a CDFI, a copy of most recent certification from the US
Treasury, CDFI Fund.

B. FINANCIAL AND OPERATIONAL
INFORMATION
1. A business plan including an organization chart and a
description of current small business lending activities and
the nature of proposed operations for CA Pilot Program
including small business lending, Management &Technical
Assistance, and demographic and economic information in
area of operations.
2. Year-end audited financial statements for the last two years.*
Interim financial statements for period not covered by
audited financial statements.
3. Schedule of sources of funding and funds available.
4. Loan Performance History for last two years, including
current delinquency, default and loss rates for the applicant’s
entire small business loan portfolio.
5. Schedule and reconciliation of loan loss reserve and
description of allowance for loan loss reserve methodologies.
6. Copy of lending policies and procedures governing business
loan origination, servicing and liquidation.
7. A narrative describing the training and technical assistance
program your organization delivers and how your
organization determines a small business’ training and
technical assistance needs.
8. Any other information the lender considers relevant for SBA
to consider in evaluating the application.

* Not required if already submitted to SBA as part
of SBA’s 504, Microloan, or ILP programs.

SBA Form 2301 (05/2020)

2

SECTION 4: Representations and Certifications
Authorized Representative: The undersigned is an authorized representative of the Organization submitting
an application to participate in the CA Pilot Program.
Organization: The undersigned certifies that the Organization has filed articles of incorporation and by-laws
with either the SBA or the CDFI Fund in connection with their participation in the 504, Microloan, ILP, and/or
CDFI programs and that those organizing documents submitted have not materially changed. Alternatively, if
material changes have occurred, the undersigned certifies that a copy of the current articles of incorporation
and/or by-laws is included with this application.
State Regulation: The undersigned certifies that the Organization is not subject to regulation by a state
financial regulator. Alternatively, if the Organization is subject to state regulation, the undersigned certifies that
the Organization is in good standing with the State regulator and provides the following information to SBA
with this application:

SBA Form 2301 (05/2020)

3

•
•
•

Copy of the State statute or regulations governing the Organization’s operations
Copy of the latest report of examination of Organization
Description of State prescribed capital requirements and a certification that the Organization meets the
established capital requirements.

Additional Information: The undersigned gives SBA permission to obtain any additional information
necessary regarding the Organization’s relationship with creditors, other federal agencies, or other entities as
necessary to evaluate the application.
Correct Information: The undersigned also certifies that the information provided has been accurately
prepared on behalf of the Organization and that the information is true and correct, to the best of his or her
knowledge, and that due diligence has been exercised to obtain true and correct information. The undersigned
realizes that the penalty for knowingly making a false statement is a fine up to $250,000 and/or jail for up to
five years under 18 USC 1001, and subject to other penalties as provided by law.

NAME:
TITLE:
DATE:

WHERE TO SEND THE APPLICATION:
The Community Advantage Lender Participant Application must be submitted to the Applicant’s local SBA Field
Office. The local SBA Field Office may be found at www.sba.gov/content/find-local-sba-office.

NOTE: According to the Paperwork Reduction Act, you are not required to respond to this collection of information unless it displays
a currently valid OMB Control Number. The estimated burden for completing this form, including time for reviewing instructions,
gathering data needed, and completing and reviewing the application form is 8 hours. Comments or questions on the burden estimates
should be sent to U.S. Small Business Administration, Chief, RMD, 409 3rd St., SW, Washington DC 20416 and/or SBA Desk
Officer, Office of Management and Budget, New Executive Bldg., Room 10202 Washington, DC 20503. PLEASE DO NOT SEND
FORMS OR OTHER APPLICATION DOCUMENTS TO THESE ADDRESSES.

SBA Form 2301 (05/2020)

4