Learn about SBA Form 1502 and Instructions, a resource of U.S. Small Business Administration (SBA). The issuing agency web page or service is the primary resource. Sections visible in the document include “1. Current - date of next scheduled payment”, “2. Past Due - date of the first missed sched”, “3. Deferred (status 4) - date borrower is to”, “4. In Liquidation (status 5) - leave blank”, “5. Paid-in-Full (status 6) - leave blank”. Refer to the original instructions to confirm any qualifying conditions and exceptions. FillingPDF does not submit requests to the government.
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What is SBA Form 1502?
SBA Form 1502 and Instructions is a resource listed by U.S. Small Business Administration (SBA) with identifier SBA Form 1502. The available record points to an official reference page, but it does not establish that a public PDF or electronic filing transaction is offered for this specific item.
Who needs to file SBA Form 1502?
The official source identifies the resource by name, but the available extract does not establish a universal legal obligation to use this specific document.
When to file SBA Form 1502
The supplied record does not establish a single filing deadline or period for this particular resource; consult its agency instructions.
How to fill out SBA Form 1502
Identify the correct resource
Confirm the exact official document title, SBA Form 1502 and Instructions, and identifier SBA Form 1502. Check its edition and accompanying instructions before use.
Review: 1. Current - date of next scheduled payment
The official document includes “1. Current - date of next scheduled payment due”. Use the requirements and any conditional notes shown alongside that section; it may not apply to every person.
Review: 2. Past Due - date of the first missed sched
The official document includes “2. Past Due - date of the first missed scheduled payment”. Use the requirements and any conditional notes shown alongside that section; it may not apply to every person.
Review: 3. Deferred (status 4) - date borrower is to
The official document includes “3. Deferred (status 4) - date borrower is to resume making payments”. Use the requirements and any conditional notes shown alongside that section; it may not apply to every person.
Review: 4. In Liquidation (status 5) - leave blank
The official document includes “4. In Liquidation (status 5) - leave blank”. Use the requirements and any conditional notes shown alongside that section; it may not apply to every person.
Review: 5. Paid-in-Full (status 6) - leave blank
The official document includes “5. Paid-in-Full (status 6) - leave blank”. Use the requirements and any conditional notes shown alongside that section; it may not apply to every person.
Apply documented instruction 1
The official source instructs: “For all other statuses, refer to the status box at the bottom of the SBA Form 1502 and enter the appropriate status code number.”. Follow it only for the relevant section and any stated conditions.
Apply documented instruction 2
The official source instructs: “Common reporting error: the sum of guaranteed interest + guaranteed principal reported is entered in this column; enter the fee amount only in this column as this is an Unsold Loan.”. Follow it only for the relevant section and any stated conditions.
Consult the agency resource page
Check the official resource page for the current description and access arrangements. The available source does not confirm a publicly editable form.
How to submit SBA Form 1502
The extracted source record does not document an electronic submission workflow or publicly downloadable PDF for this item. Consult the issuing agency information page before taking action.
Common mistakes to avoid
- Official caution: Note - If the loan is a secondary market loan, do not report the loan as Status Code 6 on the 1502 remittance containing the secondary market payoff; the Status Code column should be left blank.
- Official caution: Revolving loans - once the first disbursement takes place, the loan must not be reported as Status Code 9 again, even in instances where the full amount of the credit line is replenished by the Borrower.
- Official caution: Do not reduce the amount disbursed by borrower principal repayments.
Frequently asked questions
What is SBA Form 1502?
SBA Form 1502 and Instructions is identified in the source material of U.S. Small Business Administration (SBA). It is an official online resource. Identifiable parts of the actual document include “1. Current - date of next scheduled payment due”, “2. Past Due - date of the first missed scheduled payment”, “3. Deferred (status 4) - date borrower is to resume making payments”, “4. In Liquidation (status 5) - leave blank”, “5. Paid-in-Full (status 6) - leave blank”.
What sections are found on SBA Form 1502?
The original source shows sections such as “1. Current - date of next scheduled payment due”, “2. Past Due - date of the first missed scheduled payment”, “3. Deferred (status 4) - date borrower is to resume making payments”, “4. In Liquidation (status 5) - leave blank”, “5. Paid-in-Full (status 6) - leave blank”, “6. Transferred (status 7) - leave blank”. Read any qualifiers in the surrounding text.
Where is the official SBA Form 1502 resource?
The official source link in the supplied record is https://www.sba.gov/document/sba-form-1502-sba-form-1502-instructions.
Are there completion instructions for SBA Form 1502?
The source includes document-specific sections or directions; review the agency instructions and conditional text alongside them.
When is SBA Form 1502 due?
The supplied record does not establish a single filing deadline or period for this particular resource; consult its agency instructions.
How do I file or use SBA Form 1502?
The extracted source record does not document an electronic submission workflow or publicly downloadable PDF for this item. Consult the issuing agency information page before taking action.
What warnings does the source provide?
Official caution: Note - If the loan is a secondary market loan, do not report the loan as Status Code 6 on the 1502 remittance containing the secondary market payoff; the Status Code column should be left blank. Official caution: Revolving loans - once the first disbursement takes place, the loan must not be reported as Status Code 9 again, even in instances where the full amount of the credit line is replenished by the Borrower.
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