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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 January 1, 2021 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 required for lenders participating in the Paycheck Protection Program (PPP) under the CARES Act.
Q: What is the CARES Act Section 1102 Lender Agreement?A: The CARES Act Section 1102 Lender Agreement is an agreement that lenders must enter into with the Small Business Administration (SBA) when participating in the PPP.
Q: Who is required to fill out SBA Form 3506?A: Lenders participating in the PPP are required to fill out SBA Form 3506.
Q: What information is included in SBA Form 3506?A: SBA Form 3506 collects information about the lender, including contact information and details about the lender's PPP activities.
Q: Is SBA Form 3506 mandatory for lenders?A: Yes, lenders must fill out and submit SBA Form 3506 in order to participate in the PPP.
Q: What is the purpose of the CARES Act Section 1102 Lender Agreement?A: The CARES Act Section 1102 Lender Agreement outlines the terms and conditions that lenders must adhere to when participating in the PPP.
Q: What are some key terms and conditions in the CARES Act Section 1102 Lender Agreement?A: Some key terms and conditions include compliance with all applicable laws and regulations, accurate reporting of loan disbursements, and cooperation with SBA audits and investigations.
Q: What happens if a lender fails to comply with the CARES Act Section 1102 Lender Agreement?A: Failure to comply with the CARES Act Section 1102 Lender Agreement can result in penalties, including the suspension or termination of the lender's participation in the PPP.
Q: Can lenders modify the CARES Act Section 1102 Lender Agreement?A: No, lenders are not allowed to modify the CARES Act Section 1102 Lender Agreement. It must be accepted as is.
Form Details:
- Released on January 1, 2021;
- 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 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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