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Get the free SBA Form 1502 Reporting - Mid-America Lender's Conference

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Attendee Registration MALE April 810, 2019 Corpus Christi, TexasPrimary Contact (please complete) Name:Company:Address: City:State:Zip Code:Tel:Mobile:Email:Registration (check one) Full Registration
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How to fill out sba form 1502 reporting

01
To fill out SBA Form 1502 reporting, follow these steps:
02
Obtain the latest version of the SBA Form 1502 from the official website of the Small Business Administration (SBA).
03
Fill out the basic information section, including your business name, loan number, and contact details.
04
Provide the loan activity for the reporting period, including the beginning and ending balances, disbursements, repayments, and any cancellations or defaults.
05
Sign and date the form to certify the accuracy of the information provided.
06
Submit the completed form to the SBA according to their specified submission process, which may include online submission or mailing.

Who needs sba form 1502 reporting?

01
Small businesses that have received loans from the Small Business Administration (SBA) need to submit SBA Form 1502 reporting. This includes businesses that have received loans under various SBA programs like the Paycheck Protection Program (PPP) or Economic Injury Disaster Loan (EIDL) program.
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SBA Form 1502 reporting is a requirement for lenders participating in the Small Business Administration's (SBA) loan programs. It involves the submission of data regarding the status of SBA-guaranteed loans.
Lenders that participate in SBA loan programs are required to file SBA Form 1502 reporting for each SBA loan they manage.
To fill out SBA Form 1502, lenders must enter detailed information about each SBA loan, including borrower information, loan amount, and repayment status, according to the guidelines provided by the SBA.
The purpose of SBA Form 1502 reporting is to track the performance of SBA-backed loans, enabling the SBA to monitor loan status, borrower repayment, and loan default rates.
Information that must be reported on SBA Form 1502 includes loan amounts, current loan status, borrower details, payment history, and any defaults or delinquencies.
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