Lisa,

 

I reached out to our Lender Relations Specialist at the Eastern PA District Office of SBA and he said they had not been given any guidance concerning reporting the PPP’s on the 1502 Report.  If anyone knows or hears anything related to this matter, please respond.

 

Thank you,

 

Karen

 

Karen Tracey

 

AVP Loan Operations

Univest Financial Corporation

16 Harbor Place | PO Box 197 | Souderton, PA 18964

P (215) 721-8359 | F (215) 721-2472 |

xxxxxx@univest.net

 

Financial Solutions for Your Life®

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From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Lisa Ciampi
Sent: Saturday, April 11, 2020 10:13 AM
To: xxxxxx@marug.simplelists.com
Subject: [EXTERNAL] SilverLake MA-RUG 1502 Colson Report-PPP SBA Loans

 

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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