This collection hosts the sample SBA Loan Authorization and Agreement (LAA) documents and promissory notes. It provides the exact format of the documents that the SBA requires the borrower to sign. The collection includes the LAA (SBA Form 1391), the promissory note, the collateral disclosure, and the certification regarding lobbying activities.
The samples in this collection pair with the SBA Loan Regulations Learning Resource. The Learning Resource explains the eligibility rules and the recapture provisions. The samples provide the actual legal language for review before signing. Together they help the survivor understand the binding obligations of the loan.
This page is the evidence side of the SBA Loan Regulations concept-proof pair. It connects with the SBA Loan Regulations page. The samples below are organized by loan document type. Each sample includes the standard terms and conditions that the SBA uses.
Review the samples before signing the LAA. Compare the terms in your own loan documents to the sample to ensure you understand the interest rate, the repayment schedule, the collateral requirements, and the recapture provisions.
The sections below list the SBA loan documents by type, the terms they contain, and the instructions for reviewing them.
Each sample below represents a specific SBA loan document. The samples are for reference only. The borrower's actual loan documents will contain the specific terms and amounts for their loan.
A sequence for reviewing the LAA, the promissory note, and the collateral disclosure before signing the loan documents.
Your Action: Review the LAA sample to understand the standard terms and conditions. Compare the terms in your own LAA to the sample. Pay attention to the interest rate, the repayment schedule, the collateral requirements, and the recapture provisions.
Why It Matters: The LAA is the binding legal contract that governs the loan.
Your Action: Review the promissory note sample to understand the promise to repay. Pay attention to the principal amount, the interest rate, the payment schedule, the default provisions, and the SBA's rights in the event of default.
Why It Matters: The promissory note is the borrower's legal obligation to repay the loan.
Your Action: Review the collateral disclosure to understand the property and assets that the SBA takes as security for the loan. For loans greater than $25,000, the SBA takes a security interest in the damaged property and other assets.
Why It Matters: The collateral is at risk if the borrower defaults on the loan.
Your Action: Use the Loan Closing Documents Checklist to gather all the documents that the SBA requires. Sign and return the documents within 2 months of the LAA date.
Why It Matters: Failing to return the documents within the deadline may result in the loan being canceled.
Your Action: If you accept the loan, report any future compensation from insurance or other sources to the SBA. Use the compensation to pay down the loan principal as directed by the SBA.
Why It Matters: Failing to report compensation can result in default, legal action, and loss of the property.
Review the interest rate, the installment payment amount, the maturity date, the collateral requirements, the use of loan proceeds, and the recapture provisions. Pay special attention to the requirement to maintain hazard insurance throughout the life of the loan and the obligation to report any compensation from other sources.
The SBA may declare all or any part of the indebtedness immediately due and payable. The SBA may also take possession of the collateral and sell it to recover the outstanding balance. The SBA may pursue legal action to collect the debt, including filing suit and obtaining a judgment.
Glossary Term: Loan Authorization and Agreement (LAA)
Definition: The binding legal contract between the borrower and the SBA that outlines the terms and conditions of the disaster loan.
In Practice: The LAA specifies the interest rate, repayment schedule, collateral requirements, and the borrower's obligation to report other compensation. It must be signed and returned before any funds are disbursed.
Why It Matters: The LAA is the legal document that governs the loan. Understanding its terms prevents default and protects the borrower's financial interests.
Glossary Term: Promissory Note
Definition: The borrower's written promise to repay the loan under the specified terms.
In Practice: The promissory note includes the principal amount, the interest rate, the payment schedule, the default provisions, and the SBA's rights in the event of default.
Why It Matters: The promissory note is the legal obligation to repay. Defaulting on the note can result in legal action and loss of collateral.
Case Origin: Why This Collection Exists
This collection carries the SBA loan document samples assembled during the 2026 reorganization of WindRainFlood.Com. The samples were produced by following homeowners through the SBA loan process and documenting the documents that required review before signing.
The legacy week-based pages on WindRainFlood.Com described the SBA loan terms but did not provide the actual document formats. Survivors reading those pages often missed the collateral requirements or the recapture provisions. The reorganization collected the LAA sample, the promissory note, and the collateral disclosure into a single evidence collection.
This collection is the proof side of the SBA Loan Regulations concept-proof pair. The SBA Loan Regulations page carries the method. This collection carries the sample documents.
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