SBA Form 2449 "Community Advantage Addendum (7(A) Pilot Program)"

What Is SBA Form 2449?

SBA Form 2449, Community Advantage Addendum - 7(a) Pilot Program, is a form submitted to the Small Business Administration (SBA) when applying for the Community Advantage Loan Program. The addendum is submitted along with SBA Form 1919, Borrower Information.

The SBA released the latest edition of the form on October 1, 2020. The most recent SBA Form 2449 fillable version can be downloaded below or found on the SBA Forms website.

SBA 2449 is submitted along with SBA Form 1919, SBA Form 1920, and SBA Form 413 as part of the loan application process and requires information about the business and the business owner as well as any training received under SBA's Management and Technical Assistance Training Programs.

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SBA Community Advantage Loan

The SBA Community Advantage Loan is a pilot loan program designed for small businesses operating in underserved areas. Underserved areas typically include inner cities, rural communities and federally designated low-to-moderate income areas. Minority-owned, women-owned and veteran-owned small businesses may also qualify for the Community Advantage Loan.

The program offers loans of up to $250,000 with a 9% interest rate for periods of 7 to 10 years. The loan can be used for any purposes, except for paying off credit or participating in SBA-prohibited activities.

To qualify for the SBA Community Advantage loan, the business must meet size and industry criteria, be for-profit, U.S-based and able to repay the loan. Both established businesses and startups are eligible, however, the requirements will differ in each case.

The paperwork required to apply for the Community Advantage loan also depends on the business. Owners of established businesses have to provide copies of personal and business tax returns filed over the period of the last three years along with the SBA Form 2449 and SBA Form 413, Personal Financial Statement. Startup business owners have to provide a two-year business plan and proof of their equity injection along with the SBA Form 2449.

SBA lenders can also participate in the Community Advantage. Eligible organizations include:

  1. Certified Development Companies;
  2. Intermediary Lending Pilot program intermediaries;
  3. Microloan program intermediaries;
  4. Non-federally regulated certified Community Development Financial Institutions.
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Download SBA Form 2449 "Community Advantage Addendum (7(A) Pilot Program)"

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Community Advantage Addendum
OMB Control No.: 3245-0348
7(a) Pilot Program
Expiration Date: 09/30/2023
The purpose of this form is to collect information about the applicant business and any management or technical assistance training or counseling it
may have received. This form is an addendum to SBA Form 1919, Borrower Information Form, and is submitted to SBA electronically by the
Lender. The Lender must retain in its file documentation that supports the responses provided on this form. Submission of the requested information
is required for the Lender to comply with program requirements.
Applicant Business Information
_________________________________
_______________________________
Applicant Business Legal Name:
DBA:
Startup/New Business (2 years or less)
Existing Business (more than 2 years old)
If in business for more than one year, the most recent full business year’s Gross Revenue or Sales
$________________________
Please identify which of the following are applicable to the Small Business Applicant. More than one may be checked; if
none are applicable, please check “None of the Above.”
Small Business Applicant is located in a
Low-to-Moderate Income (LMI) Community
Empowerment Zone or Enterprise Community
HUBZone
Promise Zone
Opportunity Zone
Rural Area
Veteran Owned Business
More than 50 percent of the Small Business Applicant’s workforce is low-income or resides in a LMI census tract.
None of the Above.
During the 12 months prior to the application, did the Small Business Applicant receive any Management and
Technical Assistance training or counseling from any organization?
Yes
No*
*If “No,” the remainder of the form does not need to be answered.
Indicate the type of assistance received (check all that apply).
Start-Up Assistance
Cash Flow Management
Technology/ Computers
Business Plan
Tax Planning
Web Site / eCommerce
Financing/ Capital
Marketing/ Sales / Social Media
Legal Issues
Managing a Business
Government Contracting
International Trade
Customer Relations
Franchising
Human Resources
Business Accounting/ Budget
Buy/ Sell a Business
Other: ______________________
Please identify who provided the assistance (check all that apply).
SCORE
Microloan Intermediary
Community Advantage Lender
Small Business Development Center
Veterans Business Center
Other: ________________________
Women’s Business Center
Please estimate the total counseling and/or training hours received.
Not Applicable
< 3 Hours
3 – 5 Hours
>5 Hours
One-on-One Counseling
Telephone Counseling
Web-Based Training
Group Training
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 2449 (10/20)
Community Advantage Addendum
OMB Control No.: 3245-0348
7(a) Pilot Program
Expiration Date: 09/30/2023
The purpose of this form is to collect information about the applicant business and any management or technical assistance training or counseling it
may have received. This form is an addendum to SBA Form 1919, Borrower Information Form, and is submitted to SBA electronically by the
Lender. The Lender must retain in its file documentation that supports the responses provided on this form. Submission of the requested information
is required for the Lender to comply with program requirements.
Applicant Business Information
_________________________________
_______________________________
Applicant Business Legal Name:
DBA:
Startup/New Business (2 years or less)
Existing Business (more than 2 years old)
If in business for more than one year, the most recent full business year’s Gross Revenue or Sales
$________________________
Please identify which of the following are applicable to the Small Business Applicant. More than one may be checked; if
none are applicable, please check “None of the Above.”
Small Business Applicant is located in a
Low-to-Moderate Income (LMI) Community
Empowerment Zone or Enterprise Community
HUBZone
Promise Zone
Opportunity Zone
Rural Area
Veteran Owned Business
More than 50 percent of the Small Business Applicant’s workforce is low-income or resides in a LMI census tract.
None of the Above.
During the 12 months prior to the application, did the Small Business Applicant receive any Management and
Technical Assistance training or counseling from any organization?
Yes
No*
*If “No,” the remainder of the form does not need to be answered.
Indicate the type of assistance received (check all that apply).
Start-Up Assistance
Cash Flow Management
Technology/ Computers
Business Plan
Tax Planning
Web Site / eCommerce
Financing/ Capital
Marketing/ Sales / Social Media
Legal Issues
Managing a Business
Government Contracting
International Trade
Customer Relations
Franchising
Human Resources
Business Accounting/ Budget
Buy/ Sell a Business
Other: ______________________
Please identify who provided the assistance (check all that apply).
SCORE
Microloan Intermediary
Community Advantage Lender
Small Business Development Center
Veterans Business Center
Other: ________________________
Women’s Business Center
Please estimate the total counseling and/or training hours received.
Not Applicable
< 3 Hours
3 – 5 Hours
>5 Hours
One-on-One Counseling
Telephone Counseling
Web-Based Training
Group Training
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 2449 (10/20)