Updated information for lenders and partners re: SBA Section 1112 Payment Adjustments for 7(a), 504 and Microloan programs

SBA Procedural Notice  5000-20095 – Section 1112 Payment Adjustments for 7(a), 504, and Microloan Programs

https://www.sba.gov/document/procedural-notice-adjustment-number-months-section-1112-payments-7a-504-microloan-programs-due-insufficiency-funds

This notice is to inform SBA employees, 7(a) Lenders, CDCs, and Microloan Intermediaries regarding guidance on adjustments to the number of months for Section 1112 payments due to insufficiency of funds.

Below please find additional SBA guidance:

SBA Procedural Notice – 5000-20093

Here’s the direct link to the document: https://www.sba.gov/document/procedural-notice-5000-20093-guidance-establishing-maturities-new-7a-loans-eligible-receive-payments-under-section-1112-cares-act

SBA Information Notice – 5000-20094:  All SBA Lender Participants

Here’s the direct document link: https://www.sba.gov/document/information-notice-5000-20094-registration-required-system-award-management-samgov