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This version of the form is not currently in use and is provided for reference only. Download this version of
SBA Form 3506
for the current year.
SBA Form 3506 CARES Act Section 1102 Lender Agreement
What Is SBA Form 3506?
This is a legal form that was released by the U.S. Small Business Administration on April 1, 2020 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is SBA Form 3506?A: SBA Form 3506 is a form that lenders use to submit the Section 1102 Lender Agreement under the CARES Act.
Q: What is the CARES Act?A: The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) is a federal law enacted in response to the COVID-19 pandemic that provides economic relief to individuals and businesses.
Q: Who uses SBA Form 3506?A: Lenders use SBA Form 3506 to submit the Section 1102 Lender Agreement.
Q: What is the Section 1102 Lender Agreement?A: The Section 1102 Lender Agreement is the agreement between the lender and the Small Business Administration (SBA) regarding the Paycheck Protection Program (PPP) loans.
Q: What is the Paycheck Protection Program?A: The Paycheck Protection Program (PPP) is a program established by the CARES Act that provides forgivable loans to small businesses to cover payroll and other eligible expenses.
Q: What information is required in SBA Form 3506?A: SBA Form 3506 requires information about the lender, including contact information, and details about the lender's participation in the Paycheck Protection Program (PPP).
Q: Is SBA Form 3506 mandatory for lenders?A: Yes, lenders are required to submit SBA Form 3506 as part of the Section 1102 Lender Agreement under the CARES Act.
Q: Can I fill out SBA Form 3506 as a borrower?A: No, SBA Form 3506 is for lenders to submit the Section 1102 Lender Agreement. Borrowers do not need to fill out this form.
Q: What happens after SBA Form 3506 is submitted?A: Once SBA Form 3506 is submitted, the lender's participation in the Paycheck Protection Program (PPP) will be reviewed and approved by the Small Business Administration (SBA).
Form Details:
- Released on April 1, 2020;
- The latest available edition released by the U.S. Small Business Administration;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of SBA Form 3506 by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the U.S. Small Business Administration.
Download SBA Form 3506 CARES Act Section 1102 Lender Agreement
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