CARES Act Section 112 Subsidy Relief Program

OMB Control Number: 3245-0414

Expiration Date: XX-XX-20XX

Section 1112 (CARES Act) Monthly Report

INSTRUCTIONS:

This form is completed by Lenders participating in SBA’s 7(a) loan program. The Lender must provide this information through the CARES Act menu of the 1502 Dashboard on the FTA’s website (https://colsonservices.bnymellon.com) in order for SBA to make the loan payments required under Section 1112 of the CARES Act. To submit the required information, Lenders have the option of either inputting the loan level data directly on the FTA’s website or uploading this Section 1112 Excel template that is available on the FTA’s website. Response to this request for information is required for compliance with program reporting requirements.

FIELD DESCRIPTIONS

A. SBA Loan Number: Must provide the SBA Loan Number for which the Lender is requesting the Section 1112 payment.

B. Section 1112 Monthly Payment Date (MM/YY): Must provide the month in which SBA should make payment to Lender, beginning 04/20 or after. For loans for which the borrower must make monthly loan payments, the payment dates reported for subsequent months must be consecutive, not to exceed the maximum 6 months of Section 1112 payments.

C. Total Outstanding Gross Loan Payment Amount: Must include the amount for both the guaranteed and non-guaranteed portions of the 7(a) loan.

D. Section 1112 SBA Monthly Payment 1 Only: For the first monthly payment only, indicate the number of Gross Monthly Loan Payments included in the Total Outstanding Gross Loan Payment Amount. This number may include the current month plus any past due eligible monthly payments. Otherwise, leave blank or insert “1”.

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Please Note: The estimated burden for completing this form is 15 minutes. You are not required to respond to any collection of information unless it displays a currently valid OMB approval number. Comments or questions on the burden estimate should be sent to U.S. Small Business Administration, Director, Records Management Division, 409 3rd Street. S.W. Washington, D.C. 20416 and/or SBA Desk Officer, Office of Management and Budget, New Executive Office Building, Room 10202, Washington, DC 20503.

SBA Form XXX (06/2021)