Applicants are required to submit a signed and dated Form 4506-T authorizing the IRS to release business tax transcripts for SBA to verify their revenue.
If you have previously submitted a Form 4506-T for an SBA loan or grant, you are still required to submit a new version for your COVID EIDL loan or loan increase.
Form 4506-T is only valid for 120 days. If the form in your file is nearing expiration, your loan officer may request a new one.
To avoid problems, please review these tips for preparing your IRS Tax Authorization Form 4506-T.
This information may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case.