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Click ‘Get Form’ to open SBA Form 3511 in the editor.
Begin by filling out Part A – Borrower Information. Enter your legal name, address, and contact details including TIN and work phone.
Proceed to Part B – Affiliation Information. In Section I, answer questions regarding affiliation status. If you answer 'YES' to any question, skip Sections II, III, and IV.
If required, complete Section II by selecting the size standard used for eligibility. Choose from Employee-based, Receipt-based, or Alternative Size Standard.
In Section III, provide detailed information about your size-standard and industry data based on the selected standard.
Finally, in Section IV, list all affiliates and their relationships to you. Ensure all information is accurate and mark confidentiality where applicable.
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This form is to be completed monthly by lenders participating in the SBAs 7(a) loan program in order to collect payment and loan information.
Are people paying back their SBA loans?
Existing SBA disaster loans approved prior to 2020 in regular servicing status as of March 1, 2020, received an automatic deferment of principal and interest payments through December 31, 2020. This initial deferment period was subsequently extended through March 31, 2021.
What is SBA 1502 reporting?
SBA Form 1502 is the standard remittance form used to report information on the 7(a) loans in a lenders portfolio, such as secondary market payments, guaranty balance and loan status information (previously reported on SBA Form 1175), and SBAs basis-point fees.
What does in liquidation disbursed SBA mean?
All SBA Loans that are fully disbursed and in regular servicing or liquidation status. Fully disbursed means that the loan has been closed and all disbursements have been made. On a revolving LOC fully disbursed means that the loan has been closed and the initial disbursement has been made.
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