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Get the free SBA Form 1502 Reporting - pasbdc.org

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Com 1502 colsonservices. com form159 colsonservices. com Secondary Prepayment Notification 10daynotice colsonservices. Principal Guar. Interest net of servicing fee FTA SBA Ongoing Servicing Fee Fee Rate Calculated by Lender on Guaranteed Portion SBA 50 Basis Point Fee. SBA Form 1502 Reporting CA Community Advantage Lenders Hosted by SBA Office of Economic Opportunity Victor M Cruz Presenter Colson Services Corp Tuesday June 27th SBA Form 1502 Overview Affected Population Mandatory on all 7...
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How to fill out sba form 1502 reporting

01
Start by gathering all the necessary information and documents required for the SBA Form 1502 reporting.
02
Carefully read the instructions provided with the form to understand the requirements and reporting process.
03
Fill in the general information section of the form, including your business name, address, and contact details.
04
Provide the loan number and disbursement date for each loan that needs to be reported.
05
Enter the loan type, loan amount, and the portion guaranteed by the SBA for each loan.
06
Include any interest paid or payable on the loan, as well as any fees associated with the loan.
07
If there have been any defaults or modifications to the loan, provide the necessary details in the appropriate sections.
08
Double-check all the entered information for accuracy and completeness.
09
Sign and date the form, certifying that the information provided is true and accurate.
10
Submit the completed form to the designated SBA office or follow any specific submission instructions provided.

Who needs sba form 1502 reporting?

01
Small businesses that have received SBA loans and meet the reporting eligibility criteria need to fill out SBA Form 1502 reporting.
02
Lenders who have disbursed SBA loans are also required to complete SBA Form 1502 reporting.
03
The reporting helps the SBA and other stakeholders track the status and performance of SBA loans, ensuring compliance with program requirements.
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SBA Form 1502 reporting is a form used by lenders to report loan activity to the Small Business Administration.
Lenders participating in SBA loan programs are required to file SBA Form 1502 reporting.
SBA Form 1502 reporting can be filled out electronically through the SBA's online reporting system.
The purpose of SBA Form 1502 reporting is to provide the SBA with up-to-date information on loan activity.
Information such as loan disbursements, repayments, cancellations, and defaults must be reported on SBA Form 1502 reporting.
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