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OMB No. Expiration Date: Guaranty Loan Status & Lender Remittance Form Check box if lender information reflects changes 3245-0185 12/31/2013 Lender's Name: Lender's City, State, Zip: Contact Person's
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How to fill out completed sba form 1502
How to fill out completed SBA Form 1502:
01
Obtain a copy of SBA Form 1502 from the Small Business Administration website or your lender.
02
Fill out the borrower information section with your business name, address, and contact details.
03
Provide your SBA loan number and loan type.
04
Indicate the loan status by selecting the corresponding option.
05
Fill in the amount disbursed and the date of disbursement.
06
If applicable, provide any other relevant information regarding the disbursement, such as the payment frequency or interest rate.
07
Sign and date the form to certify its accuracy.
08
Submit the completed SBA Form 1502 to your lender or the designated authority.
Who needs completed SBA Form 1502:
01
Small business owners who have received a loan from the Small Business Administration.
02
Borrowers who have received financial assistance from an SBA-approved lender.
03
Individuals or entities seeking to comply with SBA reporting requirements for loan disbursements.
Please note that the specific requirements may vary depending on the loan program and lender. It is advisable to consult the guidelines provided by the SBA or your lender for detailed instructions on filling out the SBA Form 1502.
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What is completed sba form 1502?
Completed SBA Form 1502 is a form used to report the status of a loan that has been disbursed by the Small Business Administration (SBA). It provides information on loan disbursements, repayments, and any changes in loan status.
Who is required to file completed sba form 1502?
Lenders who have disbursed SBA loans are required to file completed SBA Form 1502.
How to fill out completed sba form 1502?
To fill out completed SBA Form 1502, lenders must provide information on loan disbursements, repayments, and any changes in loan status. The form can be filled out electronically or manually and must be submitted to the SBA.
What is the purpose of completed sba form 1502?
The purpose of completed SBA Form 1502 is to track the status of SBA loans, including disbursements, repayments, and changes in loan status. It helps the SBA monitor and manage its loan portfolio.
What information must be reported on completed sba form 1502?
Completed SBA Form 1502 requires reporting of loan disbursements, repayments, and any changes in loan status. It also requires reporting of certain borrower information, such as the borrower's name and loan identification number.
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