SBA Form 2534 7(a) Working Capital Pilot Program Addendum to SBA Form

OMB Control No.: 3245-XXXX
Expiration Date: XX/XX/20XX

7 (a) Working Capital Pilot Program
Addendum to SBA Form 1919

The purpose of this form is to collect information about the Applicant business when a Lender submits a 7(a) Working Capital Pilot (WCP) Program application for guaranty to SBA. The form is an addendum to SBA Form 1919, Borrower Information Form, and is completed and submitted to SBA electronically by the Lender.

Only one SBA Form 2534 should be submitted as part of the application. Only the information required on SBA Form 2534, and not the form itself, must be submitted into E-Tran, although the Lender must obtain and retain the form in its file. The Lender must retain documentation in its file that supports the responses provided on this form.

Applicant Business Information

Applicant Business Legal Name: _________________________________

Applicant Business DBA Name: _________________________________

1. What is the delivery method(s) of the WCP loan? (asset-based, transaction-based, both) ☐Asset-Based

Check one or both boxes as applicable ☐Transaction-Based

0000

2. For asset-based WCP loans only, what is the Lender’s initial advance rate on domestic accounts receivable? %

If applicable, enter the Lender’s initial advance rate to the Borrower as a two-digit percentage.

For example, for 80 percent, enter 80.

0000

3. For asset-based WCP loans only, what is the Lender’s initial advance rate on foreign accounts receivable? %

If applicable, enter the Lender’s initial advance rate to the Borrower as a two-digit percentage.

For example, for 70 percent, enter 70.

00

4. For asset-based WCP loans only, what is the Lender’s initial advance rate on inventory? %

If applicable, enter the Lender’s initial advance rate to the Borrower as a two-digit percentage.

For example, for 50 percent, enter 50.

5. Will WCP loan proceeds be used to refinance the Lender’s same institution SBA Express loan(s)? ☐Yes ☐No

Check one of the boxes

Note: WCP loans can be used to support export sales. If applicable, include relevant information on SBA Form 1919, questions 5., 5.a), and 5.b).

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 form is 5 minutes per response. Comments or questions on the burden estimates should be sent to U.S. Small Business

Administration, Director, Records Management Division, 409 3rd St., SW, Washington DC 20416, and/or SBA Desk Officer, Office of Management

and Budget, New Executive Office Building, Rm. 10202, Washington DC 20503. PLEASE DO NOT SEND FORMS TO THESE ADDRESSES

SBA Form 2534 (05/2024) Page | 1