SBA Form 3507 CARES Act Section 1102 Lender Agreement - Non-bank and Non-insured Depository Institution Lenders

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SBA Form 3507 CARES Act Section 1102 Lender Agreement - Non-bank and Non-insured Depository Institution Lenders

What Is SBA Form 3507?

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 3507?
A: SBA Form 3507 is the application form required for lenders to participate in the CARES Act Section 1102 program.

Q: What is the CARES Act Section 1102 program?
A: The CARES Act Section 1102 program is a provision that provides loans to small businesses to help them maintain their payroll and cover other expenses during the COVID-19 pandemic.

Q: Who needs to fill out SBA Form 3507?
A: Non-bank and non-insured depository institution lenders who wish to participate in the CARES Act Section 1102 program need to fill out this form.

Q: Is SBA Form 3507 specifically for non-bank and non-insured depository institution lenders?
A: Yes, this form is specifically for non-bank and non-insured depository institution lenders.

Q: What is the purpose of the Lender Agreement?
A: The Lender Agreement is a document that outlines the terms and conditions for lenders to participate in the CARES Act Section 1102 program.

Q: Are non-bank and non-insured depository institution lenders eligible to participate in the CARES Act Section 1102 program?
A: Yes, non-bank and non-insured depository institution lenders are eligible to participate in the CARES Act Section 1102 program.

Q: What other requirements do lenders need to meet to participate in the CARES Act Section 1102 program?
A: Lenders need to meet certain eligibility criteria, such as being in good standing with the SBA and having the necessary infrastructure to process and disburse loans.

Q: Can non-bank and non-insured depository institution lenders apply for other SBA loans?
A: Yes, non-bank and non-insured depository institution lenders can apply for other SBA loan programs, but they will need to meet the specific requirements of those programs.

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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;

Download a fillable version of SBA Form 3507 by clicking the link below or browse more documents and templates provided by the U.S. Small Business Administration.

Download SBA Form 3507 CARES Act Section 1102 Lender Agreement - Non-bank and Non-insured Depository Institution Lenders

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  • SBA Form 3507 CARES Act Section 1102 Lender Agreement - Non-bank and Non-insured Depository Institution Lenders

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  • SBA Form 3507 CARES Act Section 1102 Lender Agreement - Non-bank and Non-insured Depository Institution Lenders, Page 1
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  • SBA Form 3507 CARES Act Section 1102 Lender Agreement - Non-bank and Non-insured Depository Institution Lenders, Page 3
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