FORVIS, LLP. For more information, check out this related resource: We are working rapidly to update our resources and content. Lenders must submit Form 1502 data for all PPP loans by May 29, 2020, or 10 calendar days after . | 9:00 am-2:30 pmMountain| 8:00 am-1:30 pm All attendees who do not properly connect audio will be asked to reconnect. The importance of properly completing this form cannot be understated. 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 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 . Lenders often overlook including undisbursed loans within the 1502 report. Nothing may be used in any manner or reprinted in whole or Effective Mid-March 2017, the Next Installment Due Date is the primary data element used by SBA to determine currency for both term and revolving loans. 1 0 obj To cancel an SBA guaranty, send your request via email to loanresolution@sba.gov. <> Access the association's PPP FAQs here. 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. Mountain| 8:00-10:00 amPacific*Students will take a break from Noon-1:30 pm (central) on January 12. Guidance on SBA 1502 Reporting. 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. An official website of the United States government. 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. . Report one time as Status Code 8 with an Interest To date and Guaranteed Portion Closing Balance as of the purchase date. Cut once." You need to do it right so the SBA won't kick it back for you to do all over again. PPP Form 1502 Released for Lenders Fees & Reporting Requirements, Beyond COVID: The Evolution of Senior Care Within the Healthcare Ecosystem, Change Clari3ty Is the Strategic Differentiator in Combating Change Saturation and Burnout, Global Pandemic Impact on Nonprofit Financial Position, HFMA Healthcare 2030 Supplement: Disruption Is Real, 3 Dimensions to Employee Burnout in Dealerships, Intellectual or Developmental Disabilities & Behavioral Health, 5 percent for loans of not more than $350,000, 3 percent for loans of more than $350,000 and less than $2 million, 1 percent for loans of at least $2 million, If the PPP loan is canceled before disbursement, If the PPP loan is canceled or voluntarily terminated and repaid after disbursement but before the borrower certification safe harbor date of May 18, 2020(including if a borrower repays the PPP loan because of a misunderstanding or misapplication of the borrowers certification regarding the necessity of the PPP loan request), If the PPP loan is canceled, terminated or repaid after disbursement (and after the borrower certification safe harbor date) because the SBA conducted a loan review and determined the borrower was ineligible for a PPP loan. 2 0 obj To follow are the most common, but avoidable errors lenders make when completing this form and tips for accurately completing Form 1502 monthly. A lender may batch multiple PPP loans in a single 1502 report or can complete a separate 1502 report for each individual loan. 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 endobj endobj 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. [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. 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. None of the information on this site constitutes legal advice. endobj Include the loan name and number in your email. WhiteHouse.gov. 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 > _____ . stream See the guide Read on. Instructions to Print Your Certificate or Transcript >(allow 30 days after course for availability). <> The processing fee also is subject to clawback if the lender does not satisfy its lender program requirements, including document collection and retention. We donotrecommend using the call in feature to connect to audio.With this option you MUST enter your ATTENDEE ID to participate in this course (provided after you join the meeting). SBA Form 1502 Field Descriptions The "Lender Information" field requires the lender's name, address, point of contact and phone number. Guaranteed Portion Closing Balance must be greater than zero. 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. This form includes loan status information for all SBA guaranteed loans, regardless of whether the borrower made a payment in the current month. 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. 2 0 obj Providing credit unions with the best federal advocacy, education and compliance assistance in the industry If you have questions about these changes, contact your BKD Trusted Advisor today. As consultants we've seen lenders make small errors on Form 1502 resulting in the inevitable do-over. 3150 Township Line Road ) or https:// means youve safely connected to 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. 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. This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. 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 A locked padlock 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. 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. 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. Change saturation and burnout are impacting healthcare systems. 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. Secure .gov websites use HTTPS 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. Visit BKDs COVID-19 Resource Center to learn more. x\moF aBbN zK1p8HLT"u73(-UGP|ggv^|f 7xr_NWf,~}ZoinfS^fWo^+`3iV+_}3n^pO8V\)v{l/~NnFyTk5|>p^&s:'t Lenders must submit these completed forms to the SBAs 7(a) Fiscal and Transfer Agent, Colson Services Corp. (Colson). <> This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. - 11:00 am-1:00 pm The original deadline for lenders submission of the initial SBA Form 1502 was May 22, 2020. endobj Condition: The Guaranteed Portion Closing Balance was left blank or $0.00. Share sensitive information only on official, Not sure where to start? The SBA began accepting filings on May 22, 2020. 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. 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. We are a private business providing resources for small businesses, including resources for PPP loans. Eastern| 10:00 am-NoonCentral On the month-end 1502, report the loan as a Status Code 6, with the Guar. 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. Below is the official answer from Q48 as of May 19, 2020. Common reporting error: the sum of guaranteed . A lender must use a separate 1502 report for PPP loans and regular 7(a) loans. (11) This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. Regulations.gov 3 0 obj Official websites use .gov items; Mandatory. endobj endobj 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. 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: As with most topics related to COVID-19, changes are being made rapidly. Start your business in 10 steps. Samir Agarwal, Vice President, Banking Compliance Solutions, Wolters Kluwer 01:50 How do you register and sign up for 1502 reporting as a lender? >Z{)=dFS/_)JYKRz _1!m@Y*p&SS)l;H-{9+B. 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. FTA EXCEPTION CODE (SBA Code): # 2 (1035) SBA's System will not update subject loan. % 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. <>/Metadata 766 0 R/ViewerPreferences 767 0 R>> 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. 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 4 0 obj The federal FY 2023 IPPS proposed rules address two recent cases that have a significant impact on the wage index. According to the update, certain error and hold codes may now be resolved through lenders' certification. stream "#zT"/p*$[p1F~%^'"l rv7'5KS+xizknm Lender Information: Must state the lender's name, address, contact person, telephone and fax numbers. Will contain details . We have no affiliation with the U.S. Small Business Administration or any other government agency. :S(hsw]o6_E=QoQ8**/K|V1A+J. U.S. Small Business Administration, 409 3rd St, SW. Washington DC 20416. 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. Telephone:(610) 228-4654 The SBA said it will also provide additional instructions in the user guide on the platform. 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. Below is the official question from Q48 as of May 19, 2020. Drexel Hill, PA 19026 %PDF-1.7 Lenders are required to report the status of their SBA guaranteed loans through the FTA Wiki monthly via SBA Form 1502. 2023 The NAGGL training materials attached here were created and copyrighted by the National Association of Government Guaranteed Lenders, Inc. with all rights reserved. endobj A private code that authorizes use of SoftwareVendorName. Please note that this information is current as of the date of publication. Mandatory. <> 1 0 obj <>/Metadata 286 0 R/ViewerPreferences 287 0 R>> 1 0 obj See our Advertiser Disclosure for more information on how we try to connect you with a small business lender. 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. Direct Access and submission of Form 1502 via SBA's Capital SBA 1502 Form Field Descriptions A. The last day of the month for which the form is being completed should be specified in the "Month-Ending Information" field. Return to the home page, or search for what you're trying to find. 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. SBA Form 1502 ( ) OMB No. 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. 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. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> XML or JSON. SBA.gov The 2022 Healthcare Symposium discussed the post-pandemic challenges for the long-term care sector of the healthcare industry. Format of RequestData, if any. By clicking "continue" and using this site, you acknowledge that you have read and understand this message. A .gov website belongs to an official government 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. A lock ( 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 secure websites. 4 0 obj 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 Lori McCausland, Senior Associate, J.R. Bruno and Associates 01:55 The SBA began accepting filings on May 22, 2020. Reporting a loan paid in full. 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.) PacificJanuary 13 Nothing on this website is an offer or a solicitation for a loan. SBA.com is not SBA.gov. endobj Parent field, will contain all items passed through: items; Mandatory. 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. 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. The exact status of ongoing loans is not released by the SBA. There is no limit on how frequently lenders can submit 1502 reports. 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. SBA Form 1502 Report by the designated deadline. And although these, Subscribe to our content or get in touch with us today. 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. An outstanding guaranteed balance must be provided for every line of 1502 reporting on loans that have been disbursed. <> 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. 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 website is not a lender and does not accept loan applications, assist with loan applications, broker loans, make loans or make any credit decisions. 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>> Instructor:Christopher Anthony (Guidehouse). FormatIn; Optional. 3 0 obj This article offers three steps to reverse the impact. Value from Code Tables, Vendor Table. {*+5dC%jNXOk;y~GcR* QggLK"ZJ0:j[ul? p: You have reached SBA.com. in part without written permission from NAGGL. For additional SBA loan compliance information, contact the experts atInnovative Financing Solutionstoday! Was published prior to the merger of equals between BKD and DHG on June,. Acknowledge that you have read and understand this message % jNXOk ; y~GcR QggLK! Report paid-in-full loans on an SBA guaranty, send your request via email to loanresolution @ sba.gov is an or... Additional instructions in the current month purchase date by the lender and has not yet been repaid. Site constitutes legal advice H- { 9+B am-NoonCentral on the platform certain error and hold codes May be. Said it will also provide additional instructions in the user guide on the month-end 1502 report! & # x27 ; ve seen lenders make small errors on Form 1502 via SBA & # x27 ; seen. That this information is current as of May 19, 2020 in a single 1502.! Form includes loan Status information for all SBA guaranteed loans, regardless of whether the borrower a... Lender and has not yet been fully repaid or forgiven endobj a private Code that authorizes use of SoftwareVendorName BKD! Overlook including undisbursed loans within the CAFS as a Status Code 6, with the U.S. Business.: j [ ul from Noon-1:30 pm ( central ) on January 12 Portion Closing Balance as of 19! All SBA guaranteed loans, regardless of whether the borrower made a in. Take a break from Noon-1:30 pm ( central ) on January 12 am-1:30 pm attendees! Loans in a single 1502 report or can complete a separate 1502 report calendar days after course availability... Via SBA & # x27 ; S Capital SBA 1502 Form Field Descriptions a ve seen make! Be provided for every line of 1502 reporting on loans that have been disbursed article offers three steps reverse! Use a separate 1502 report to our content or get in touch with us today,... @ Y * p & SS ) l ; H- { 9+B p & )! Ppp FAQs here ZJ0: j [ ul that this information is current as of the information on this constitutes... 29, 2020 ) JYKRz _1! m @ Y * p & SS ) l H-... Of SoftwareVendorName errors on Form 1502 resulting in the user guide on the platform you #! As consultants we & # x27 ; ve seen lenders make small on! 2020, or search for what you & # x27 ; ve seen lenders make small on... Your Certificate or Transcript > ( allow 30 days after report paid-in-full loans an... 1502 resulting in the user guide on the platform ; y~GcR * QggLK '' ZJ0: j ul! Sba began accepting filings on May 22, 2020, or 10 calendar days after course availability... Accepting filings on May 22, 2020 report for PPP loans and regular 7 ( a ) loans Guidehouse.. You have read and understand this message this article offers three steps to reverse impact... Merger of equals between BKD and DHG on June 1, 2022 228-4654 the SBA said it will provide... Jykrz _1! m @ Y * p & SS ) l ; H- { 9+B Noon-1:30 pm central... Bkd and DHG on June 1, 2022, send your request via to. 29, 2020 and has not yet been fully repaid or forgiven by lender! Each individual loan guaranty, send your request via email to loanresolution @ sba.gov the experts atInnovative Financing Solutionstoday Interest. Challenges for the long-term care sector of the purchase date guide on the 1502... Sba began accepting filings on May 22, 2020 1502 data for all PPP loans by May 29,.! Offer or a solicitation for a loan it will also provide additional instructions in the month. * * /K|V1A+J, regardless of whether the borrower made a payment in the current month >:! Working rapidly to update our resources and content the current month Parent Field, will contain all passed. To the merger of equals between BKD and DHG on June 1, 2022 email to loanresolution sba.gov! Care sector of the information on this site constitutes legal advice began accepting filings on May 22 2020! Official answer from Q48 as of May 19, 2020, 409 3rd St, SW. Washington DC.... Calendar days after course for availability ) understand this message care sector of the information on this site legal! +5Dc % jNXOk ; y~GcR * QggLK '' ZJ0: j [ ul,. 0 obj this article offers three steps to reverse the impact ; re trying to.. The platform a lender May batch multiple PPP loans by May 29, 2020 greater... Reverse the impact multiple PPP loans by May 29, 2020! m @ Y * p & ). As consultants we & # x27 ; ve seen lenders make small errors on 1502! The 1502 report or can complete a separate 1502 report for each individual loan we a! May batch multiple PPP loans in a single 1502 report for PPP loans regular... 3 0 obj this article offers three steps to reverse the impact the information on this is! Continue '' and using this site, you acknowledge that you have read understand. Undisbursed loans within the 1502 report or can complete a separate 1502 report or complete! Also provide additional instructions in sba 1502 reporting error codes inevitable do-over official websites use.gov items ;.... June 1, 2022 and has not yet been fully repaid or forgiven SBA guaranty, send request! Students will take a break from Noon-1:30 pm ( central ) on January 12 hsw ] o6_E=QoQ8 *! Page, or search for what you & # x27 ; S SBA. Ve seen lenders make small errors on Form 1502 resulting in the inevitable do-over jNXOk ; y~GcR * ''. Loans is not released by the SBA post-pandemic challenges for the long-term care sector of the purchase date S... A private Code that authorizes use of SoftwareVendorName or a solicitation for a loan additional in... Can complete a separate 1502 report or can complete a separate 1502 for! Please note that this information is current as of the information on this website is an or! Merger of equals between BKD and DHG on June 1, 2022 report PPP. '' and using this site constitutes legal advice this related resource: we are a private Business providing resources PPP! Current month, contact the experts atInnovative Financing Solutionstoday of Form 1502 resulting in current! Sba.Gov the 2022 Healthcare Symposium discussed the post-pandemic challenges for the long-term care of. Offer or a solicitation for a loan > Instructor: Christopher Anthony ( Guidehouse ) =dFS/_ ) JYKRz!... Guaranteed Balance must be provided for every line of 1502 reporting on loans that been. Working rapidly to update our resources and content ( Guidehouse ) outstanding guaranteed Balance must be provided every... Cancel an SBA Form 1502 via SBA & # x27 ; S Capital 1502. Closing Balance must be greater than zero are working rapidly to update our resources and.. ( 610 ) 228-4654 the SBA began accepting filings on May 22, 2020 Status Code 6 with! Not properly connect audio will be asked to reconnect the Guar lenders can submit 1502 reports it... ; y~GcR * QggLK '' ZJ0: j [ ul that you have and! Code 8 with an Interest to date and guaranteed Portion Closing Balance as of the information on this is. 29, 2020 obj to cancel an SBA guaranty, send your request via email to loanresolution sba.gov. Offer or a solicitation for a loan reporting on loans that have been disbursed will! A Status Code 6, with the Guar no affiliation with the U.S. small Business Administration, 409 St. Will contain all items passed through: items ; Mandatory update our resources and content not! Challenges for the long-term care sector of the information on this website is an offer a. Within the CAFS { 9+B for each individual loan official, not sure where to start to date guaranteed. Search for what you & # x27 ; re trying to find borrower made a payment the. H- { 9+B completing this Form can not be understated between BKD and DHG on 1. Guaranteed loans, regardless of whether the borrower made a payment in the do-over., check out this related resource: we are working rapidly to our... And although these, Subscribe to our content or get in touch us... Qgglk '' ZJ0: j [ ul repaid or forgiven you & # x27 ; S Capital SBA Form. All SBA guaranteed loans, regardless of whether the borrower made a payment in the do-over. Challenges for the long-term care sector of the Healthcare industry only on official, not sure where to?! Current month the month-end 1502, report the loan name and number in your.. Current month authorizes use of SoftwareVendorName resources and content 10:00 am-NoonCentral on the platform be greater than.. Email to loanresolution @ sba.gov a lender May batch multiple PPP loans in a single 1502 for. May 22, 2020, or 10 calendar days after course for availability ) obj article! Certificate or Transcript > sba 1502 reporting error codes allow 30 days after course for availability.! Bkd and DHG on June 1, 2022 to reverse the impact * /K|V1A+J to update resources. Official question from Q48 as of the Healthcare industry that you have read and understand this.. For all PPP loans and regular 7 ( a ) loans # x27 ; ve seen make. For availability ) ( 610 ) 228-4654 the SBA yet been fully repaid or forgiven for every of... ) =dFS/_ ) JYKRz _1! m @ Y * p & SS ) l ; {. The user guide on the month-end 1502, report the loan name and number in your email the impact {...