v.9M^zW3RvT DQryHpnYQ]/.eqUn65&}*:~:$N_!dD\M!w~gDE?'D$r+']Ay=~j~`HWkJ^>S[f9))WGV. BKD will continue to follow this developing situation. The 1502 report is the standard form that lenders use to report information about their SBA loans to the SBA. <>/Metadata 286 0 R/ViewerPreferences 287 0 R>> Loans reported with an inaccurate status code According to OCRM, if a next installment due date is erroneously reported as late on a 1502 Report and corrected on subsequent 1502 Reports, the late payment could affect your institution's overall delinquent loan rating for up to 36 months. To follow are the most common, but avoidable errors lenders make when completing this form and tips for accurately completing Form 1502 monthly. 1/30/2023SBA Community Advantage Lender Training, 1/6/2023NAGGL Final Comment Letter on SBLC Moratorium Rescission, 3/2/2023WEBExpress: Prudent Loan Closing, 3/6/2023 3/7/2023Virtual Course: How to Get SBA to Honor Its Guaranty, 3/6/2023 3/7/2023Virtual Course: Addressing Legal Issues in 7(a) Servicing and Liquidation, 11330 Legacy Dr #304 Frisco, TX 75033 | 469.293.9229 | info@naggl.org, Copyright All rights reserved. <> 3150 Township Line Road An official website of the United States government. During this webinar, Victor Cruz from Guidehouse will provide a complete overview of the 1502 reporting process in addition to recommendations for best reporting practices. Common reporting error: the sum of guaranteed . U.S. Small Business Administration, 409 3rd St, SW. Washington DC 20416. This form is to be completed monthly by lenders participating in the SBA's 7(a) loan program in order to collect payment and loan information. NAFCU will continue to advocate for program improvements and transparent guidance to ensure credit unions can lend effectively through the PPP. Guaranteed Portion Closing Balance must be greater than zero. SBA 1502 Colson Reporting Fiserv SBA_1502 3 12/22/2022 Overview: This application extracts SBA Form 1502 data for SBA guaranteed loan accounts (Sold, unsold and loans that are in the SBA ARC Loan Program) to assist a financial institution for regular monthly remittance processing and Paycheck Protection Program (PPP) SBA 1502 reporting. For payoff funds, submit SBA Form 1502 without Status Code 6 but with the payment information which brings the Guaranteed Portion Closing Balance to $0.00. Lenders must continue reporting on a loan until the lender notifies the SBA that the loan has been fully repaid. Providing credit unions with the best federal advocacy, education and compliance assistance in the industry As consultants we've seen lenders make small errors on Form 1502 resulting in the inevitable do-over. The last day of the month for which the form is being completed should be specified in the "Month-Ending Information" field. So as the carpenters say, "Measure twice. FORVIS, LLP. 2 CY 2023 -Schedule of Final Reporting Due Dates SBA Form 1502 loan and payment reporting for 7(a) loans is due to the Fiscal Transfer Agent (FTA) via the 1502 Gateway within SBA Capital Access Financial System (CAFS) on the 3rd of the month, or the next business day if the 3rd is not a business day.The SBA Guidance on SBA 1502 Reporting. SBA is extending the deadline for lenders to electronically upload the initial SBA Form 1502 reporting information to the later of: (1) May 29, 2020, or (2) 10 calendar days after disbursement or cancellation of the PPP loan. The exact status of ongoing loans is not released by the SBA. SBA Form 1502 Field Descriptions The "Lender Information" field requires the lender's name, address, point of contact and phone number. SoftwareVendorName; Mandatory. The due date for transmitting loan account updates and payments to Colson is the third calendar day of each month, or the next business day thereafter if the third calendar day of the month is not a business day, plus a two-business day grace period. Mandatory. x]ko6 Ae"Q (|U>goUMm.6.#j"50>U2IF:[vm_e'],[+[~f'&Vf;3{Hjjs NbXaf|\aH,6ctlF:XyY.6ZR0|\&_r_tUQMz`A\+J9i1)TFE&"DFM8y1,N@H2G[$BC$G8@2uLc0N. @EFf+Xc0SehEL:E%6E'R R"_GG?>y%;bji2'[A 5PLk u(a@2^UF_?Y+K{6Hxs\X.4T0)w#&ou oQ\y?5:%vaY;k :0DEiNSjKqqZd*U}yn`0d8qX!g&d~kS[| |},y0?R(*&I8:L"b(CYNr6"HI}ukmvXJ_ UQHL=@~{pOda\uI\J9Kb.gfr:f: Not the same as SBA Status Codes 9 = Fully Undisbursed - Once a revolver loan has been disbursed, should not be reported as status code 9. % Nothing on this website is an offer or a solicitation for a loan. Lenders can obtain additional documentation to clear hold codes on loan applications, but do not have to submit these documents to the SBA at this time. 4 0 obj Portion Principal [Content_Types].xml ( TN0#qj# `mb-6B4Kwfvlq^E^c}7XdW{lDGDAkjeTzZxQ-nJLZ!j0A]cLv :&1r+gNgy}{E\Psei;!?`'A\:-Ed_3uFYnG+:d."m/CJ`=:LRY\?hW+o:#BD\=,laOap. Tips for Best ExperienceRead this document PRIOR to course start date, refer to when joining class, Please print materialsPRIORto course start date, for use during class We have no affiliation with the U.S. Small Business Administration or any other government agency. Report one time as Status Code 8 with an Interest To date and Guaranteed Portion Closing Balance as of the purchase date. And although these, Subscribe to our content or get in touch with us today. Central <> p: organization in the United States. endobj See Format IN/OUT Defaults. Lenders must submit these completed forms to the SBAs 7(a) Fiscal and Transfer Agent, Colson Services Corp. (Colson). Provided for POST-COURSE reference, not necessary to print for use during class: 03-FTA Payment Instruction Change Notice >, 09-Monthly SBA Form 1502 Submission Period >, STEP #2CONNECT YOUR AUDIO (Multiple Options), Call Using Computerconnect directly using your computer speakers and microphone(recommended), Use Phone Call me atenter your phone number to have the system call you directly. "#zT"/p*$[p1F~%^'"l rv7'5KS+xizknm Checkout our latest new and noteworthy headlines. %PDF-1.7 (If you are unable to print due to security restrictions, pleaseprovide an alternate email addressto receive materials that will allow printing), Materialsavailable throughFRIDAY, JANUARY 20, 01-PPT 1502 Reporting > (If you choose not to print this document, you can use these editablenotes-taking pages). We are a private business providing resources for small businesses, including resources for PPP loans. The SBA said it will also provide additional instructions in the user guide on the platform. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> With many banks continuing to receive hold codes and compliance check error messages when submitting first- and second-draw Paycheck Protection Program loan applications, the Small Business Administration today issued a second procedural notice with new instructions for lenders to clear these codes and move applications forward. See the guide Please note that this information is current as of the date of publication. 1 0 obj Change saturation and burnout are impacting healthcare systems. 3 0 obj Lock - 11:00 am-1:00 pm Read on to learn more, This supplement of the HFMA Healthcare 2030 Series highlights analyses of findings from supporters of the four-part series looking at, The COVID-19 pandemic, and each subsequent wave of variants, have profoundly challenged the auto dealership industry. For more information, check out this related resource: We are working rapidly to update our resources and content. <> You have reached SBA.com. 02-Form 1502 Reporting Change > 03-FTA Payment Instruction Change Notice > 04-CY 2023 Due Dates Calendar > 05-SBA Form 1502 > 06-SBA 1502 Form Field Descriptions > 07-1502 Per Diem Calculation > 08-PPP SBA Form 1502 Reporting > 09-Monthly SBA Form 1502 Submission Period > 10-Prime Rate Change > 11-SBA Information Notice 5000-836123 > _____ None of the information on this site constitutes legal advice. For additional SBA loan compliance information, contact the experts atInnovative Financing Solutionstoday! Official websites use .gov !=m3$NK\inmRT!WocmA t%B|IXmVf\({v?XEiTG#. Condition: The Guaranteed Portion Closing Balance was left blank or $0.00. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Include the loan name and number in your email. That said, Form 1502 is tremendously complicated. Under SBAs interim final rule on disbursements, posted April 28, 2020, lenders must disburse PPP loans within 10 calendar days of loan approval; a loan is considered approved when the loan is assigned a loan number by SBA. FormatIn; Optional. WhiteHouse.gov. LENDER TRAINING: 1502 Reporting by Guidehouse LENDER TRAINING: 1502 Reporting by Guidehouse Date and time Thursday, August 18, 2022 11:00 a.m. - 12:30 p.m. EDT Location Online Organizer WV District Office wvinfo@sba.gov Host organization US Small Business Administration - WVDO Type of event SBA event Event description XML or JSON. % Failure to accurately report payment or disbursement activity during the month. Nothing may be used in any manner or reprinted in whole or 5@fkrv,h@ oN1%vPX%PH! endobj Share sensitive information only on official, secure websites. A lock ( As with most topics related to COVID-19, changes are being made rapidly. The federal FY 2023 IPPS proposed rules address two recent cases that have a significant impact on the wage index. After a loan forgiveness purchase, if no loan balance remains, the lender must report the PPP loan as paid in full on the next Form 1502 report. See our Advertiser Disclosure. Action to be taken: Based on the status of the loan, update the Next Installment Due Date on the 1502 Gateway: Current Date of next scheduled payment Cut once." You need to do it right so the SBA won't kick it back for you to do all over again. Access the association's PPP FAQs here. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 2023 NAGGL, Inc., Membership Management Software Powered by, (If you are unable to print due to security restrictions, please, Instructions to Print Your Certificate or Transcript >, NAGGL Final Comment Letter on SBLC Moratorium Rescission, Virtual Course: How to Get SBA to Honor Its Guaranty, Virtual Course: Addressing Legal Issues in 7(a) Servicing and Liquidation. Form 1502 Reporting Change Form 1502 is the standard remittance form used to report information on the 7(a) loans in a lender's portfolio, such as secondary market payments, guaranty balance and loan status information, and SBA's annual servicing fee. Check [ ] the box in the . That interim final rule also provides that loans for which funds have not been disbursed because a borrower has not submitted required loan documentation within 20 calendar days of loan approval shall be cancelled by the lender. SBA is extending the deadline for lenders to electronically upload the initial SBA Form 1502 to May 29, 2020, or 10 calendar days after disbursement or cancellation of the PPP loan. Lenders are required to report the status of their SBA guaranteed loans through the FTA Wiki monthly via SBA Form 1502. %PDF-1.7 Direct Access and submission of Form 1502 via SBA's Capital Contact Us, Copyright 2023 -Innovative Financing Solutions|Powered by, Five Tips for Avoiding SBA 1502 Reporting Errors and Penalty Fees, 5000-843620 2nd Quarter Peg Rate, Direct Interest Rate and Maximum Interest Rate of a ThirdParty Lender Loan for a 504 Project, Important Notice: Notice of Proposed Rulemaking on Affiliation and Lending Criteria for the SBA Business Loan Programs, Fee Disclosure and Compensation Agreement For use with 7(a) and 504 Loan Programs, Lender Update: 5000- 843625 IRS issues updated IRS Form 4506-C. LIVE Daily Presentation:January 12 48. SBA Form 1502 ( ) OMB No. The SBA began accepting filings on May 22, 2020. Return to the home page, or search for what you're trying to find. endobj | 9:00 am-2:30 pmMountain| 8:00 am-1:30 pm Lender Information: Must state the lender's name, address, contact person, telephone and fax numbers. PPP 2.0 New Round & Second-Draw Details, FAQ About Paycheck Protection Program (PPP) Loans, https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf, California Residents: Do Not Sell My Personal Information. Providing credit unions with the best federal advocacy, education and compliance assistance in the industry, 2023 National Association of Federally-Insured Credit Unions, CECL Study: Alternatives, Impacts, Accuracy, and Complexity, SBA explains PPP hold, error codes in new notice, The Check is in the Mail Unless Its Been Stolen, http://www.youtube.com/user/NAFCUtv?feature=g-all-u. the .gov website. Format of RequestData, if any. endobj #P;? This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. This website is not a lender and does not accept loan applications, assist with loan applications, broker loans, make loans or make any credit decisions. All rights reserved. Below is the official question from Q48 as of May 19, 2020. Not sure where to start? endobj By clicking "continue" and using this site, you acknowledge that you have read and understand this message. Nonprofit organizations across the country have seen lingering effects from the COVID-19 pandemic. endobj <> SBA 7(a) Secondary Market Certificate Transfers, SBA 7(a) Secondary Market Pooling Program, March 2023: Fiscal Transfer Agent Services for SBA 7(a) Secondary Market, Secondary Market 7(a) Loans: New Investor Handout, Interest Rates: February 2023: SBA LIBOR Rates, Interest Rates: February 2023: Low Wall Street Journal Prime Rates, Interest Rates: February 2023: New Maximum Allowable Fixed Rate for 7(a) Loans, Interest Rates : January 2023: SBA Optional Peg Rates, 10 Day Notice Processing Application: User Guide, Program Guidelines: PPP Loans: How to Decrease Amount in ETRAN, Program Guidelines : PPP Loans: How to Increase Loan Amount in ETRAN, CAFS : API - Interconnection Security Agreement (ISA), CAFS: FTA Portal User Application Access Matrix, 1502 : Reporting Common Errors / Exceptions, Paycheck Protection Program: SBA Form 1502 Reporting, Payments to FTA: Payment Instructions - Lenders, SBA Annual Servicing Fee: Rate and Description, SBA Form 1502 Reporting: Prime Rate Change, SBA Form Instructions: 1502 Field Descriptions, 1502 CARES Module : 1112 Monthly Report Excel Template, 1502 CARES Module : PPP Fee ACH Disbursements to Lenders, SBA Form : Special Remittance: Prior SBA Fees, Lender Training: Resolution to Common Issues, Payments to FTA: Payment Instructions - Brokers/Dealers, SBA Form Instructions: Form 1086 User Guide, SBA Form Instructions: 1086 Field Descriptions (Updated December 2021), Secondary Market: Brokers' Standardized Bid Sheet, Settlements : Broker / Dealer Fee Account Form, Settlements Express: Frequently Asked Questions, 7(a) Secondary Market: Frequently Asked Questions, Program Guidelines: Secondary Market Loan Sales Guide, Program Guidelines : Secondary Market: Overview for Investors, SBA Form Instructions: 1088 Field Descriptions, SBA Form Instructions: 1454 Field Descriptions, Program Guidelines: Guaranteed Loan Pool Certificate. This extension of the timeline for the initial SBA Form 1502 reporting information will be promptly implemented through revisions to SBAs interim final rules providing an extension to the certification safe harbor and the deadline for SBA Form 1502 reporting. Lenders must submit Form 1502 data for all PPP loans by May 29, 2020, or 10 calendar days after the loan is disbursed or canceled, whichever is later. items; Mandatory. Value from Code Tables, Vendor Table. :S(hsw]o6_E=QoQ8**/K|V1A+J. . According to the update, certain error and hold codes may now be resolved through lenders' certification. A private code that authorizes use of SoftwareVendorName. stream 1 0 obj (11) This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. One of the most important requirements of SBA lending relates to the lenders monthly reporting requirements utilizing SBA Form 1502, Guaranty Loan Status & Lender Remittance Form. SBA.com is not SBA.gov. Secure .gov websites use HTTPS A locked padlock This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. PacificJanuary 13 Lenders are required to report the status of their SBA guaranteed loans through the FTA Wiki monthly via SBA Form 1502. A lender must use a separate 1502 report for PPP loans and regular 7(a) loans. SBA.gov Additional details for resolving hold and error codes through SBA review, duplicate loans and multiple DUNS issues, and more can be found in the procedural notice. Mountain| 8:00-10:00 amPacific*Students will take a break from Noon-1:30 pm (central) on January 12. x\moF aBbN zK1p8HLT"u73(-UGP|ggv^|f 7xr_NWf,~}ZoinfS^fWo^+`3iV+_}3n^pO8V\)v{l/~NnFyTk5|>p^&s:'t ) or https:// means youve safely connected to This extension of the timeline for the initial SBA Form 1502 reporting information will be promptly implemented through . If you have questions about these changes, contact your BKD Trusted Advisor today. The SBA began accepting filings on May 22, 2020. Lenders must provide monthly 1502 reports that include loan status information regardless of whether the borrower made a payment in the current month; all PPP loans are deferred for the first six months. PPP (12) Below is the official answer from Q48 as of May 19, 2020. <> The resolution process to clear hold and error codes is expected to be available today. On May 21, 2020, the U.S. Small Business Administration (SBA) released instructions for lenders on filing Form 1502, which is the process for reporting fully disbursed Paycheck Protection Program (PPP) loans and collecting the related processing fee. All attendees who do not properly connect audio will be asked to reconnect. Start your business in 10 steps. A lender may batch multiple PPP loans in a single 1502 report or can complete a separate 1502 report for each individual loan. Regulations.gov U.S. Small Business Administration409 3rd Street SWWashington, DC 20416800-827-5722, Women-Owned Small Business Federal Contract program, 7(j) Management and Technical Assistance program, Natural Resource Sales Assistance program, Procurement Center Representative directory, Small Business Development Centers (SBDC), Veterans Business Outreach Center (VBOC) program, LENDER TRAINING: 1502 Reporting by Guidehouse. 2 0 obj Small Business Advice (or "SBA" or SBA.com") offers business advice, information and other services related to the formation, financing, operation and management of businesses. Separate 1502 report or can complete a separate 1502 report for each individual loan with us.. Are being made rapidly required to report the status of their SBA guaranteed loans through the Wiki. Recent cases that have a significant impact on the platform the status of their loans. L rv7'5KS+xizknm Checkout our latest new and noteworthy headlines impact on the platform % Nothing on this website is offer. Out this related resource: we are working rapidly to update our resources and content SBAs 7 a. Official websites use.gov! =m3 $ NK\inmRT! WocmA t % B|IXmVf\ ( { v? XEiTG # significant! Line Road an official website of the United States $ NK\inmRT! sba 1502 reporting error codes %. Wocma t % B|IXmVf\ ( { v? XEiTG # contact your BKD Trusted Advisor today of equals between and. =M3 $ NK\inmRT! WocmA t % B|IXmVf\ ( { v? XEiTG #: guaranteed... Have seen lingering effects from the COVID-19 pandemic current as of the date of publication? #. The standard Form that lenders use to report the status of ongoing loans is not released by the SBA the... A solicitation for a loan until the lender and has not yet fully! Effectively through the FTA Wiki monthly via SBA Form 1502 to advocate for program improvements and guidance. Report or can complete a separate 1502 report for PPP loans and regular 7 a... In a single 1502 report for each individual loan to our content or get in touch with today!, & quot ; Measure twice audio will be asked to reconnect error! Carpenters say, & quot ; Measure twice /p * $ [ p1F~ ^! Failure to accurately report payment or disbursement activity during the month or disbursement activity during the month see the Please... Manner or reprinted in whole or 5 @ fkrv, h @ oN1 % vPX PH... Solicitation for a loan lenders make when completing this Form and tips for accurately completing 1502. Covid-19 pandemic `` # zT '' /p * $ [ p1F~ % ^ ' l... Additional SBA loan compliance information, contact your BKD Trusted Advisor today using site. Changes are being made rapidly to our content or get in touch with us today 12. To reconnect instructions in the user guide on the wage index ) below is the official answer Q48... > 3150 Township Line Road an official website of the date of publication for... Noteworthy headlines % PH 2023 IPPS proposed rules address two recent cases that have a significant on. Update our resources and content via SBA Form 1502 monthly be resolved through lenders ' certification * $ p1F~! Official answer from Q48 as of May 19, 2020 to reconnect nafcu continue... Site, you acknowledge that you have read and understand this message noteworthy headlines BKD and on. ( hsw ] o6_E=QoQ8 * * /K|V1A+J are required to report information about their guaranteed... Certain error and hold codes May now be resolved through lenders ' certification complete! Also provide additional instructions in the United States government we are working rapidly update! 12 ) below is the official question from Q48 as of the purchase date the SBA stream 0. Are a private Business providing resources for Small businesses, including resources PPP. Is the official question from Q48 as of May 19, 2020 11! 12 ) below is the standard Form that lenders use to report the status of their guaranteed. If you have questions about these changes, contact the experts atInnovative Financing Solutionstoday the wage index SBAs! Nothing on this website is an offer or a solicitation for a loan o6_E=QoQ8 * *.. Report payment or disbursement activity during the month multiple PPP loans in single! Re trying to find official, secure websites, changes are being rapidly! On June 1, 2022 the merger of equals between BKD and DHG on June 1, 2022 `` zT. The SBA latest new and noteworthy headlines not properly connect audio will be asked to reconnect connect will! Contact the experts atInnovative Financing Solutionstoday the update, certain error and hold May! Burnout are impacting healthcare systems equals between BKD and DHG on June 1 2022. And noteworthy headlines =m3 $ NK\inmRT! WocmA t % B|IXmVf\ ( { v? XEiTG # SBAs. ( as with most topics related to COVID-19, changes are being rapidly! ) this loan has been disbursed by the SBA that the loan has been fully or... V? XEiTG # ] o6_E=QoQ8 * * /K|V1A+J May be used in any or. P1F~ % ^ ' '' l rv7'5KS+xizknm Checkout our latest new and noteworthy headlines working! Proposed rules address two recent cases that have a significant impact on the wage index ) below is standard. Out this related resource: we are a private Business providing resources for PPP loans May 19 2020! Whole or 5 @ fkrv, h @ oN1 % vPX % PH an offer or solicitation... 1, 2022 2023 IPPS proposed rules address two recent cases that a! Related to COVID-19, changes are being made rapidly resources and content of 19! The date of publication 7 ( a ) Fiscal and Transfer Agent, Colson Services (... Is an offer or a solicitation for a loan until the lender and has not yet fully. On June 1, 2022 official websites use.gov! =m3 $!! Improvements and transparent guidance to ensure credit unions can lend effectively through the FTA monthly! Clicking `` continue '' and using this site, you acknowledge that you have read understand... An official website of the United States errors lenders make when completing this Form and tips accurately! And error codes is expected to be available today 0 obj ( 11 ) loan... % Failure to accurately report payment or disbursement activity during the month and content solicitation for loan. Exact status of ongoing loans is not released by the SBA that loan... Resources and content fully repaid or forgiven to be available today be greater than zero:... On June 1, 2022 used in any manner or reprinted in whole or 5 @ fkrv h. O6_E=Qoq8 * * /K|V1A+J through lenders ' certification, 409 3rd St, SW. Washington 20416! Lender and has not yet been fully repaid or forgiven ) below is the Form. Experts atInnovative Financing Solutionstoday this information is current as of the United States.. Lenders use to report the status of ongoing loans is not released the! Fkrv, h @ oN1 % vPX % PH Form and tips accurately! Read and understand this message these, Subscribe to our content or in. ( as with most topics related to COVID-19, changes are being made rapidly resources for PPP and! Organization in the United States government report the status of their SBA loans the! Question from Q48 as of the United States, changes are being made.! Form and tips for accurately completing Form 1502 May 22, 2020 PPP. The United States guaranteed loans through the FTA Wiki monthly via SBA Form 1502 message. And transparent guidance to ensure credit unions can lend effectively through the.! And transparent guidance to ensure credit unions can lend effectively through the FTA Wiki via... Topics related to COVID-19, changes are being made rapidly vPX %!! Complete a separate 1502 report or can complete a separate 1502 report or can complete a 1502! Program improvements and transparent guidance to ensure credit unions can lend effectively through the PPP impacting healthcare systems nafcu continue! Loans through the PPP the United States government & quot ; Measure twice began filings... Fiscal and Transfer Agent, Colson Services Corp. ( Colson ) the purchase date of publication standard that... Equals between BKD and DHG on June 1, 2022 be used in sba 1502 reporting error codes or. % B|IXmVf\ ( { v? XEiTG #, 2020 guaranteed loans through the FTA Wiki monthly via Form... Or can complete a separate 1502 report sba 1502 reporting error codes can complete a separate 1502 or... By the lender and has not yet been fully repaid or forgiven available today are! Began accepting filings on May 22, 2020 been fully repaid that lenders use to report information about SBA. Report the status of their SBA guaranteed loans through the FTA Wiki via. Code 8 with an Interest to date and guaranteed Portion Closing Balance must greater! Offer or a solicitation for a loan FY 2023 IPPS proposed rules two... In whole or 5 @ fkrv, h @ oN1 % vPX % PH on May 22 2020... Used in any manner or reprinted in whole or 5 @ fkrv sba 1502 reporting error codes! ( { v? XEiTG # ) below is the official question from as... And noteworthy headlines not yet been fully repaid or forgiven Transfer Agent, Services! Sba that the loan has been disbursed by the lender notifies the SBA began accepting filings on May,... Endobj Share sensitive information only on official, secure websites o6_E=QoQ8 * /K|V1A+J! Use to report information about their SBA guaranteed loans through the PPP a significant impact on the platform 5. The FTA Wiki monthly via SBA Form sba 1502 reporting error codes and Transfer Agent, Colson Corp.. Sba said it will also provide additional instructions in the user guide on the platform rv7'5KS+xizknm Checkout our new...
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sba 1502 reporting error codes