f Colson Services Corp.
U.S. Small Business Administration
Washington, DC 20416

SCHEDULE OF PAYMENT DUE DATES

Paragraph 6 of SBA Form 1086 (versions 02-11 and prior) states that payments are due at the FTA on the third calendar day of the month, or the next business day if the third is not a business day. The SBA allows a grace period of two business days after the due date. If FTA receives a regularly scheduled payment after the expiration of the grace period, a Late Penalty is assessed (subject to a maximum of $5,000.00). Paragraph 6(c) of SBA Form 1086 describes the components of the Late Penalty. Lenders are billed for Late Penalties at the end of each month. Late Penalties are due to Colson Services with the Lender's next monthly remittance.

Below is a schedule of final due dates for regularly scheduled payments. Payments received after the due date will be subject to the Late Penalty.

2012
  January 5th
  February 7th
  March 7th
  April 5th
  May 7th
  June 6th
  July 6th
  August 7th
  September 6th
  October 5th
  November 7th
  December 5th

Questions concerning Late Penalties should be directed to Larry Packer on (718) 315-5102 or by e-mail at latepenalty@colsonservices.com.

Source: SBA
© Colson Services Corp. 2007. All Rights Reserved.
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