On Wednesday, Dec. 5, 2018, in observance of the National Day of Mourning in remembrance of former President George H.W. Bush, SBA 7(a) Secondary Market loan sales will be suspended. Settlements will resume on Thursday, December 6th.
Colson will remain open for all other transactions. The due date for SBA Form 1502 remains 12/5/2018. Lenders should wire funds and submit forms electronically. Lenders should also continue to remit SBA 7(a) Secondary Market Prepayments in accordance with SBA Form 1086.