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SBA Form 27B Model Opinion of Independent Counsel for Draw Against Debenture Commitment
What Is SBA Form 27B?
This is a legal form that was released by the U.S. Small Business Administration on July 1, 2000 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is SBA Form 27B?A: SBA Form 27B is a document used for obtaining the opinion of independent counsel for a draw against a debenture commitment.
Q: What is the purpose of SBA Form 27B?A: The purpose of SBA Form 27B is to provide an opinion from independent legal counsel on certain matters related to a draw against a debenture commitment.
Q: What is a draw against a debenture commitment?A: A draw against a debenture commitment refers to requesting a disbursement of funds from a loan that had been previously committed by the Small Business Administration (SBA) through a debenture.
Q: Who prepares SBA Form 27B?A: SBA Form 27B is prepared by the borrower or the lender and must be signed by independent legal counsel.
Q: What does the opinion of independent counsel entail?A: The opinion of independent counsel confirms that certain legal requirements have been met and that the borrower is eligible for the requested draw against the debenture commitment.
Q: Is SBA Form 27B mandatory?A: Yes, SBA Form 27B is a mandatory requirement for obtaining a draw against a debenture commitment.
Form Details:
- Released on July 1, 2000;
- The latest available edition released by the U.S. Small Business Administration;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of SBA Form 27B by clicking the link below or browse more documents and templates provided by the U.S. Small Business Administration.
Download SBA Form 27B Model Opinion of Independent Counsel for Draw Against Debenture Commitment
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