Think of Colson as an extension of your back office. We will manage your program administration tasks to ensure disciplined program governance.
We improve accountability and reduce expenses through accurate record keeping, customer service and timely payment collections, disbursements and reconciliation.
We are committed to offering innovative technology solutions to enhance data tracking, reporting and transfer.
As a testament to our commitment to support Federal Credit Programs, Colson was awarded a GSA contract under FABS Schedule SIN # 520-5 to provide Loan Servicing and Program Administration services to U.S. Federal Agencies.
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COLSON SERVICES CORP.
2 Hanson Place
7th Floor
Brooklyn, New York 11217
In the event of a government shutdown, Colson Service Corp., in its capacity as Fiscal and Transfer Agent (FTA) for SBA, is authorized to proceed with the settlement and issuance of Guaranteed Interest Certificates (GICs) if the FTA received a complete document package for such settlement on or before Friday December 21, 2018 and there are no exceptions requiring assistance by SBA staff to resolve. Until further notification, the FTA may not settle and issue any other GICs. SBA Pools may be formed for pools where completed documentation has been received on or before Thursday , December 20, 2018, (COB), and there are no exceptions requiring SBA staff to resolve.
Colson will remain open for all other transactions. Lenders should wire funds and submit forms electronically in compliance with SBA Form 1502 policies and procedures. Lenders should also continue to remit SBA 7(a) Secondary Market Prepayments in accordance with SBA Form 1086.
