Get Service Action Checklist - Sba - Sba

Filling out the Service Action Checklist - SBA - Sba is a crucial step for lenders in effectively managing loan servicing actions. This guide provides clear, step-by-step instructions to help you navigate the process with ease and confidence.

Follow the steps to complete the checklist accurately.

1. Click ‘Get Form’ button to obtain the form and open it in your editor of choice.
2. Enter the recipient details, selecting between the Fresno or Little Rock Commercial Loan Service Center, and include their fax and email information if applicable.
3. Fill in your SBA loan name and number to ensure accurate identification of the loan.
4. Complete your lender details, including your name, email, phone number, and fax number.
5. Indicate whether the loan has been sold on the secondary market and if investor approval has been obtained for the servicing action.
6. For any increase requests, specify the amounts and attach any necessary proof of payment for the additional guaranty fee.
7. If there is a decrease in the approved loan amount or guaranty percentage, indicate the amounts and attach a memo explaining the reason for the change.
8. For changes related to interest rates or maturity dates, specify the new information and proofs as required.
9. Include any changes to the legal name or organization type, ensuring you provide the new details required for SBA's database updates.
10. Once all sections are completed, review your form for accuracy, then save your changes, and proceed to download or print the form for submission.

Complete your Service Action Checklist online today to ensure efficient communication with the SBA.