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.