SBA Form 1502 and Instructions
… by lenders participating in the SBA’s 7(a) loan program in order to collect payment and loan information. SBA form 1502 … is liquidating loan, report loan monthly as Status Code 5 with an Interest To date and Guaranteed Portion Closing … off by the borrower. Report one time as Status Code 6, with an Interest To date as of the payoff date and a …