Option for Prior Approval Sureties to Submit the “Work in Process” Information Required by SBA Form 994F through eXtensible Business Reporting Language (XBRL)

The purpose of this Notice is to inform Prior Approval Surety Companies and their Surety Agents participating in SBA’s Surety Bond Guarantee (SBG) Program (referred to collectively hereafter as Surety Partners) and SBA employees that, effective immediately, Surety Partners and small business concerns will have the option to submit the information required by SBA Form 994F, “Schedule of Work in Process”, through eXtensible Business Reporting Language (XBRL) (referred to as XBRL WIP reports).