Lenders can now make payments to SBA online at Pay.gov. Pay.gov is a free, secure, government-wide financial management transaction portal managed by the U.S. Department of the Treasury's Financial Management Service, developed in conjunction with the Federal Reserve Bank. It offers various on-line electronic financial services that the public can use for remitting payments and associated data electronically to federal agencies. Pay.gov is convenient, easy, and available 7 days a week - 24 hours a day.
The following types of payments can be made using the Pay.gov web site:
- Form 1544: Lender Fee Payment Form [Loan Guarantee fee Care & Preservation of Collateral (CPC) Expense] Review Fee
- Form 172: Transaction Report on Loan Serviced By Lender
The Pay.gov Web site allows you to use it on a one-time basis by selecting the “SBA Payments” located under “Frequently Used Forms” on the right side of the homepage or become a self enrolled user by selecting “Should I register?” option located in the lower center of the homepage. By selecting the self enrolled option, you will need to complete the required form to be issued a User ID. As an enrolled user, you will have the ability to make a single ACH payment, schedule recurring ACH payments, and view a list of your processed payments.
Visit Pay.gov to learn more about making electronic payments.