SBA Form 159D, Fee Disclosure Form and Compensation Agreement is a form used by business owners to indicate that they hired an agent for assistance with their Small Business Administration (SBA) disaster loan application
The latest version of the form was released by the SBA in July 2005 with all previous editions obsolete. An updated SBA Form 159D fillable version is available for download and digital filing below. The previously used SBA Form 159 (7a) is no longer hosted on the SBA website.
Disaster loans are provided to businesses of all sizes as well as to private non-profit organizations, renters, and homeowners. This type of loan is used for replacing or repairing real estate, personal property, machinery, and equipment, along with any inventory and business assets that were damaged or destroyed in a declared disaster. To qualify for the disaster loan, the applicant has to be in an affected area as stated by a disaster declaration.
The SBA Form 159 is a form closely related to the SBA 159D. The purpose of both forms are similar, however, the SBA Form 159 is used in connection with the 7(a) and 504 loan programs. Depending on the program, the form requires the signatures of the SBA Lender or the Certified Development Company representative for certification.