SBA Loan Closings (Session 11): Other Conditions of 504 Loans

• 1 Obtain and document IRS tax transcripts using Form 4506‑C via IVES or Form 8821 with required taxpayer consent
• 2 Which federal tax years to collect for 504 loans and when seller or individual guarantor transcripts are required
• 3 When an appraisal is required versus an evaluation, including the $500,000 threshold and related‑party valuation rules
• 4 Evidence required for seismic and building‑code compliance, zoning, final plans, inspections, and final occupancy certificate

Based on transcript analysis