This is a legal form that was released by the U.S. Small Business Administration on September 1, 2017 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 2402?
A: Form 2402 is the Form of Detached Assignment for U.S. Small Business Administration Pool Certificate for the First Lien Position 504 Loan Pools (FMLP).
Q: What is the purpose of Form 2402?
A: The purpose of Form 2402 is to document the assignment of a U.S. Small Business Administration Pool Certificate for the First Lien Position 504 Loan Pools (FMLP).
Q: Who uses Form 2402?
A: Form 2402 is used by those involved in the assignment of a U.S. Small Business Administration Pool Certificate for the First Lien Position 504 Loan Pools (FMLP).
Q: What is a U.S. Small Business Administration Pool Certificate?
A: A U.S. Small Business Administration Pool Certificate represents a fractional interest in a pool of First Lien Position 504 Loans.
Q: What is a First Lien Position 504 Loan Pool?
A: A First Lien Position 504 Loan Pool is a group of loans made under the Small Business Administration's 504 loan program, which provides financing for fixed assets such as land, buildings, and equipment.
Q: What does FMLP stand for?
A: FMLP stands for First Lien Position 504 Loan Pools.
Q: Are there any fees associated with Form 2402?
A: There may be fees associated with the assignment of a U.S. Small Business Administration Pool Certificate, but these fees are determined by the parties involved and not specified in the form itself.
Form Details:
Download a fillable version of SBA Form 2402 by clicking the link below or browse more documents and templates provided by the U.S. Small Business Administration.