Innovative Financing Solutions
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Monthly Archives: February 2018

Five Tips for Avoiding SBA 1502 Reporting Errors and Penalty Fees

One of the most important requirements of SBA lending relates to the lender’s monthly reporting requirements utilizing SBA Form 1502, Guaranty Loan Status & Lender Remittance Form. This form includes loan status information for all SBA guaranteed loans, regardless of whether the borrower made a payment in the current month. Lenders must submit these completed…
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