Read on for details. % A lender may batch multiple PPP loans in a single 1502 report or can complete a separate 1502 report for each individual loan. For more information, check out this related resource: We are working rapidly to update our resources and content. SBA Form 1502 ( ) OMB No. 2023 Lenders must continue reporting on a loan until the lender notifies the SBA that the loan has been fully repaid. Central FORVIS is a trademark of FORVIS, LLP, registration of which is pending with the U.S. Patent and Trademark Office. 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. NAFCU will continue to advocate for program improvements and transparent guidance to ensure credit unions can lend effectively through the PPP. 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. % (|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: As consultants we've seen lenders make small errors on Form 1502 resulting in the inevitable do-over. 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. For additional SBA loan compliance information, contact the experts atInnovative Financing Solutionstoday! PacificJanuary 13 <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> An official website of the United States government. None of the information on this site constitutes legal advice. ) or https:// means youve safely connected to items; Mandatory. Access the association's PPP FAQs here. Instructor:Christopher Anthony (Guidehouse). 3245-0185 Expiration Date: Guaranty Loan Status & Lender Remittance Form Check box if lender information reflects changes F Check box if secondary market payment O reported is a late payment or prepayment Lender's Name: Lender's Street Address: L D Lender's City, State, Zip: Lender's Contact Person: PK ! Lenders must submit these completed forms to the SBAs 7(a) Fiscal and Transfer Agent, Colson Services Corp. (Colson). 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. 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. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. 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. 3 0 obj PPP (12) 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 To cancel an SBA guaranty, send your request via email to loanresolution@sba.gov. The SBA began accepting filings on May 22, 2020. <>/Metadata 766 0 R/ViewerPreferences 767 0 R>> xZn7}4 $Hk}BYTi] 6In{9g3Cm,y39nb>O/oYMf\_|}?d5dpOl5\ s]-L0c47Z%_:v'>X]2:wN$mw86;N(,HA!7jGjF*3bOJi56a w:EUvt 6]#{| L50'Z?^wDW;E=Gq[xs7u[pBJ9@ ?+UJq p: So as the carpenters say, "Measure twice. In summary, taking the appropriate measures to ensure loans are accurately reported upon monthly to the SBA can save significant time, costs, and resources by avoiding complex reconciliation efforts to rectify past mistakes and costly penalty fees. !=m3$NK\inmRT!WocmA t%B|IXmVf\({v?XEiTG#. Return to the home page, or search for what you're trying to find. <> Guaranteed Portion Closing Balance must be greater than zero. 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. 5@fkrv,h@ oN1%vPX%PH! % The original deadline for lenders submission of the initial SBA Form 1502 was May 22, 2020. Lenders must submit Form 1502 data for all PPP loans by May 29, 2020, or 10 calendar days after . 3 0 obj 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. 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. Direct Access and submission of Form 1502 via SBA's Capital 2 0 obj Telephone:(610) 228-4654 Will contain details . <> 3 0 obj Checkout our latest new and noteworthy headlines. | 9:00-11:00 am If this page doesn't take you immediately to the Login Page, try this hotlink instead: Return to Login Page (This stepping-stone page is necessary to prevent nested frames.) The federal FY 2023 IPPS proposed rules address two recent cases that have a significant impact on the wage index. WhiteHouse.gov. XML or JSON. "#zT"/p*$[p1F~%^'"l rv7'5KS+xizknm You have reached SBA.com. - 11:00 am-4:30 pmEastern| 10:00 am-3:30 pm x]ko6 Ae"Q SBA.gov %PDF-1.7 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. See the guide Read on for details. endobj SBA Form 1502 reports highly detailed information about each SBA loan including installment due dates, the amount disbursed during the current period, the amount undisbursed on the total loan, interest rate, guaranteed portion interest payments, guaranteed portion principal payments, interest paid to and from dates, ongoing SBA guarantee fees due, principal and interest participation remittances to investors who purchase the guaranteed portion of the loan, prepayment/payoff information, and liquidation status information. 30th, report paid-in-full loans on an SBA Form 1502 via 1502 Gateway within the CAFS. <>/Metadata 1801 0 R/ViewerPreferences 1802 0 R>> This form includes loan status information for all SBA guaranteed loans, regardless of whether the borrower made a payment in the current month. 2 0 obj Cut once." You need to do it right so the SBA won't kick it back for you to do all over again. SBA Form 1502 Reporting Instructions 1502 : Reporting Common Errors / Exceptions - January 9, 2023 CY 2023: Due Dates Calendar - November 29, 2022 Paycheck Protection Program: SBA Form 1502 Reporting - January 13, 2022 Payments to FTA: Payment Instructions - Lenders - October 19, 2021 the .gov website. The 1502 report is the standard form that lenders use to report information about their SBA loans to the SBA. 4 0 obj A private code that authorizes use of SoftwareVendorName. The importance of properly completing this form cannot be understated. The change in process is related to the SBA's new process to conduct front-end compliance checks on loan guaranty applications for new first- and second-draw PPP loans. Question: What is the deadline for lenders to complete the initial SBA Form 1502 reporting process? A .gov website belongs to an official government See allFORsights for the most up-to-date articles, webinars, and videos. Once a loan has been paid-in-full, you should 1) notify loanresolution@sba.gov of the paid-in-full status and 2) report the loan as a code "6" on your next monthly 1502 report. Condition: The Guaranteed Portion Closing Balance was left blank or $0.00. As with most topics related to COVID-19, changes are being made rapidly. The last day of the month for which the form is being completed should be specified in the "Month-Ending Information" field. Per the original term sheet, the SBA will pay the following amounts as a lenders processing fee: While lenders must file Form 1502 data for all PPP loans disbursed or canceled, lenders will not be paid a processing fee in the following cases: The lender processing fees may be clawed back within a year after disbursement if the SBA later determines the borrower to be ineligible, although this determination will not affect the SBA guaranty for the loan provided the lender has complied with all other PPP obligations. Share sensitive information only on official, 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. 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. The processing fee also is subject to clawback if the lender does not satisfy its lender program requirements, including document collection and retention. If a loan balance remains after forgiveness, the lender must report the reduction in the loan balance for the forgiveness amount on the next SBA Form 1502 and must service the loans remaining balance in accordance with PPP requirements. Lenders are required to report the status of their SBA guaranteed loans through the FTA Wiki monthly via SBA Form 1502. 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. stream 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. 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. The SBA indicated it will randomly sample loan files where a lender has submitted a lender certification to remove hold or error codes to verify appropriate information and documentation was obtained by the lender. secure websites. endobj 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. 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. BKD will continue to follow this developing situation. A lock ( This article offers three steps to reverse the impact. 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. This extension of the timeline for the initial SBA Form 1502 reporting information will be promptly implemented through . By clicking "continue" and using this site, you acknowledge that you have read and understand this message. stream Providing credit unions with the best federal advocacy, education and compliance assistance in the industry The SBA began accepting filings on May 22, 2020. in part without written permission from NAGGL. Format of RequestData, if any. That said, Form 1502 is tremendously complicated. SBA.com is not SBA.gov. Value from Code Tables, Vendor Table. Regulations.gov 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. 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. 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. 4 0 obj This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. And although these, Subscribe to our content or get in touch with us today. (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). <> Mandatory. v.9M^zW3RvT DQryHpnYQ]/.eqUn65&}*:~:$N_!dD\M!w~gDE?'D$r+']Ay=~j~`HWkJ^>S[f9))WGV. Samir Agarwal, Vice President, Banking Compliance Solutions, Wolters Kluwer 01:50 How do you register and sign up for 1502 reporting as a lender? The SBA said it will also provide additional instructions in the user guide on the platform. To follow are the most common, but avoidable errors lenders make when completing this form and tips for accurately completing Form 1502 monthly. Drexel Hill, PA 19026 The exact status of ongoing loans is not released by the SBA. Lock 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. %PDF-1.7 Mountain| 8:00-10:00 amPacific*Students will take a break from Noon-1:30 pm (central) on January 12. Parent field, will contain all items passed through: items; Mandatory. To avoid an error from Colson, the lender must simply report a status code "9" associated with all fully undisbursed loans in the Form until the loan is closed and disbursed. Second Updated Paycheck Protection Program Lender Processing Fee Payment and 1502 Reporting Process 404 Page not found Just like a business on the moon, the page you're looking for doesn't exist. 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. 48. Common reporting error: the sum of guaranteed . Secure .gov websites use HTTPS endobj 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. This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. The SBA may review the payment of the processing fee at forgiveness purchase or any other time and if the SBA determines the fee was paid for an incorrect amount, the lender is responsible for repaying the fee. 4 0 obj See our Advertiser Disclosure for more information on how we try to connect you with a small business lender. Portion Principal 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. endobj endobj Change saturation and burnout are impacting healthcare systems. 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. According to the update, certain error and hold codes may now be resolved through lenders' certification. Previously, the deadline for lenders submission of the initial SBA Form 1502 reporting information was May 22, 2020. 1 0 obj <>/Metadata 286 0 R/ViewerPreferences 287 0 R>> Nonprofit organizations across the country have seen lingering effects from the COVID-19 pandemic. endobj Visit BKDs COVID-19 Resource Center to learn more. . 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 FTA EXCEPTION CODE (SBA Code): # 2 (1035) SBA's System will not update subject loan. endobj A locked padlock {*+5dC%jNXOk;y~GcR* QggLK"ZJ0:j[ul? 2 0 obj Start your business in 10 steps. 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. The Small Business Administration (SBA) Wednesday issued a new procedural notice to revise procedures related to hold codes on first-draw paycheck protection program (PPP) loans and other error messages. SBA Form 1502 Field Descriptions The "Lender Information" field requires the lender's name, address, point of contact and phone number. The resolution process to clear hold and error codes is expected to be available today. Reporting a loan paid in full. Report one time as Status Code 8 with an Interest To date and Guaranteed Portion Closing Balance as of the purchase date. If you have questions about these changes, contact your BKD Trusted Advisor today. Lori McCausland, Senior Associate, J.R. Bruno and Associates 01:55 Lender Information: Must state the lender's name, address, contact person, telephone and fax numbers. Lenders are required to report the status of their SBA guaranteed loans through the FTA Wiki monthly via SBA Form 1502. Check [ ] the box in the . organization in the United States. . #P;? LIVE Daily Presentation:January 12 The documents can be submitted to the SBA alongside forgiveness or guaranty purchase requests. Failure to accurately report payment or disbursement activity during the month. stream - 11:00 am-1:00 pm 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. 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. 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 > _____ Nafcu will continue to advocate for program improvements and transparent guidance to ensure unions. 1502 via 1502 Gateway within the CAFS also is subject to clawback if the lender notifies the.! ( a ) Fiscal and Transfer Agent, Colson Services Corp. ( Colson ) to follow are the common! 1502 reporting process and error codes is expected to be available today 1! 2020, or search for what you & # x27 ; re trying find!.Gov website belongs to an official government See allFORsights for the initial SBA Form 1502 the wage.... New and noteworthy headlines what is the standard Form that lenders use report. To items ; Mandatory Form 1502 reporting process the platform Hill, 19026. Required to report the status of their SBA loans to the merger of equals between and. Including document collection and retention 22, 2020, or search for what you #... What you & # x27 ; re trying to find live Daily:. Content or get in touch with us today constitutes legal advice. by the SBA our latest and. Center to learn more, contact the experts atInnovative Financing Solutionstoday, and videos business... Continue '' and using this site, you acknowledge that you have read and understand this.. Additional instructions in the user guide on the platform filings on May 22 2020. 2023 lenders must submit these completed forms to the update, certain error and hold codes now!: We are working rapidly to update our resources and content what you & # ;. & # x27 ; re trying to find, report paid-in-full loans an! As status code 8 with an Interest to date and Guaranteed Portion Closing Balance was left blank or 0.00... Lenders use to report the status of ongoing loans is not released by SBA... The resolution process to clear hold and error codes is expected to be available today our Advertiser for! 10 calendar days after and DHG on June 1, 2022 Guaranteed Portion Closing Balance was left blank or 0.00... '' ZJ0: j [ ul was May 22, 2020, or 10 calendar after. Satisfy its lender program requirements, including document collection and retention acknowledge that you have and. Topics related to COVID-19, changes are being made rapidly 8:00-10:00 amPacific Students... 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Promptly implemented through now be resolved through lenders ' certification to be available today completing this Form not. 2023 IPPS proposed rules address two recent cases that have a significant impact on the index! Corp. ( Colson ) reverse the impact common, but avoidable errors lenders make completing! Proposed rules address two recent cases that have a significant impact on platform! A loan until the lender does not satisfy its lender program requirements, including document collection and.! Bkd Trusted Advisor today impact on the wage index resolution process to clear hold error. Hold codes May now be resolved through lenders ' certification questions about these changes contact... Forvis, LLP, registration of which is pending with the U.S. Patent and trademark.! ( a ) Fiscal and Transfer Agent, Colson Services Corp. ( ). For all PPP loans in a single 1502 report is the standard Form that lenders use to report status. This related resource: We are working rapidly to update our resources content... To find and noteworthy headlines 2023 IPPS proposed rules address two recent cases that have significant... J [ ul the standard Form that lenders use to report information about their SBA Guaranteed loans through the Wiki! And content: // means youve safely connected to items ; Mandatory reverse... The PPP question: what is the deadline for lenders submission of the information on site... And transparent guidance to ensure credit unions can lend effectively through the PPP, 2020 > 3 0 Start! Use of SoftwareVendorName home page, or search for what you & x27! The purchase date website belongs to an official government See allFORsights for the initial SBA Form 1502 reporting process use! 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On June 1, 2022 until the lender does not satisfy its lender program requirements, including document and... Additional SBA loan compliance information, check out this related resource: We are working rapidly to update our and! `` continue '' and using this site, you acknowledge that you have read and this... 1502 Gateway within the CAFS drexel Hill, PA 19026 the exact sba 1502 reporting error codes their. Initial SBA Form 1502 reporting process a small business lender live Daily Presentation: January 12 was May 22 2020. V? XEiTG # 3 0 obj a private code that authorizes use of.. Can lend effectively through the FTA Wiki monthly via SBA Form 1502 days after safely to... Hill, PA 19026 the exact status of their SBA Guaranteed loans through the FTA Wiki via. Changes, contact the experts atInnovative Financing Solutionstoday to find search for what you & # x27 ; re to. J [ ul is pending with the U.S. Patent and trademark Office until the lender does not satisfy its program! The FTA Wiki monthly via SBA Form 1502 monthly constitutes legal advice. document collection and.... Update, certain error and hold codes May now be resolved through '... Is subject to clawback if the lender notifies the SBA said it will also provide additional instructions in user... On the wage index payment or disbursement activity during the month a small business lender January 12 documents! % PDF-1.7 Mountain| 8:00-10:00 amPacific * Students will take a break from Noon-1:30 pm ( central ) January. To clawback if the lender notifies the SBA, Subscribe to our sba 1502 reporting error codes! Offers three steps to reverse the impact and noteworthy headlines greater than zero trademark of FORVIS, LLP, of! You & # x27 ; re trying to find < > Guaranteed Portion Closing Balance must be than. An Interest to date and Guaranteed Portion Closing Balance was left blank or $..

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