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SBA Info Notice - Revised Instruction for SBA Form 1086 and 1502

The U. S. Small Business Administration (SBA)  has made minor revisions to the instructions for SBA Forms 1086 and 1502.  The Secondary Participation Guaranty Agreement, Form 1086, is used in the 7(a) loan program to document sales of guarantees in the secondary market.  The Guaranty Loan Status and Lender Remittance, Form 1502, is used by lenders to report on the status of all SBA loans approved. 

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