SBA form 1050

Settlement Sheet (Use of Proceeds Certification)

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The purpose of this form is to document and verify that loan proceeds were disbursed in accordance with the Authorization and to document that the Borrower’s contribution was injected into the business prior to the Lender disbursing any loan proceeds.

This form is for use for all 7(a) loans and for all disbursements.

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File size: 279KB
Effective: December 20, 2023
OMB Control Number: 3245-0200
Related Programs: Related programs: 7(a)

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Last updated June 13, 2025