January 25, 2021
SBA Hot Topic Tuesday – Form 1086 Update and Coleman’s 14th Annual Secondary Market Summit
Form 1086 was recently updated by the SBA, and the revised Form 1086 should be used for loan sales by January 31, 2022. Page two of the Secondary Participation Guaranty Agreement now includes the reinsertion of Interest Paid to Date to the Loan Information table. It also removes the Print Name labels on the Certification page.
All lenders that have sold guaranteed interests in the SBA 7(a) Secondary Market must update the name on the lender account required for Form 1086. The naming convention is outlined in Section 3.6 of the form. This account update must be completed no later than January 29, 2022.
Coleman’s 14th Annual SBA Secondary Market Summit takes place on Tuesday, February 1, 2022, from 1:00-4:30 pm Eastern Time. Participants get accurate market intelligence targeted to finance professionals who sell, trade, buy, or regulate SBA secondary market paper.
Learn the facts from those that know to capitalize on 2022 income opportunities to meet the ROI demands of your clients and stakeholders.
SBA 2022 7(a) Secondary Market Administration Updates involve:
• SBA 7(a) Secondary Market Supply
• Secondary Market and Stimulus Loans
• Deferrals for PPP
• SBA/Congressional 2022 Update
Sign up for the 14th Annual SBA Secondary Market Summit here!