Hi everyone,

Our bank is participating in the PPP SBA program.  We expect several hundred loans at month end that will have an SBA approval # and will be undisbursed/unfunded.  My understanding is there have no exceptions made and these loans are still required in the 1502 Colson Report.  We normally do not have many of these and they are manually entered into the 1502 Manually ADD Maintenance screen in Silverlake.  Does any one else have suggestion on how to automate this process (auto upload into Silverlake, Mass Maintenance)?  We are looking for options as we do not have capacity to manually upload hundreds of loans.  Has anyone received other guidance regarding 1502 Colson Reporting exceptions?

Any insight is greatly appreciated.

Thank you,

Lisa

Lisa Ciampi ● Senior Vice President
500 Hills Drive ● Suite 300 ● P.O. Box 700 ● Bedminster, NJ 07921-0700

(201) 285-6212 p ● (908) 655-7155 c ● www.pgbank.com

Member FDIC

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