Lender's Transcript of Account

Small Business Administration collects the information on form 1149 from lenders as part of their request for purchase of the guaranty on a defaulted 7(a) loan. SBA uses the information to assist in determining the date the loan went into default and to assess how much interest is payable to the lender. The information is also used to determine whether the loan was properly disbursed and serviced, and whether payments were applied to principal and interest in compliance with the Loan Guaranty Agreement, and the terms and conditions of the loan authorization.

The latest form for Lender's Transcript of Account expires 2021-03-31 and can be found here.