SBA Notices

Guidance on 7(a) and 504 Loans with Monthly Installments in Excess of $9,000 The notice provides supplemental guidance for lenders that have loans sold into Secondary Market pools when the maximum $9,000 payment made by SBA under Section 1112 of the CARES Act, as amended, is less than the total installment amount due. For a

Adjustment to Number of Months of Section 1112 Payments in the 7(a), 504 and Microloan Programs Due to Insufficiency of Funds Amends previously issued guidance related to the extension of Section 1112 payments as authorized by the Economic Aid Act. That Act established the upper limit on the number of payments that could be provided

Guidance on Establishing Maturities of New 7(a) Loans Eligible to Receive Payments under Section 1112 of the CARES Act on or after February 1, 2021 Provides detailed guidance regarding the establishment of maturities for all new 7(a) loans (excluding PPP loans) approved between February 1 and September 30, 2021. Among the requirements spelled out in

Revises guidance provided in SBA Procedural Notice 5000-20083, SBA Procedures for Addressing Unresolved Issues on Borrower First Draw PPP Loans. Provides additional guidance regarding the handling of loans with hold codes. 

Second Updated Paycheck Protection Program Lender Processing Fee Payment and 1502 Reporting Process

Extension of Previous Guidance on Acceptable Signatures for Applications and Loan Documents in the 7(a) and 504 Business Loan Programs Through April 30, 2021