11 Enter the applicable Source of Funds code. Example: Source of 1 = New Guaranteed Loan (includes all loan types) Fund 2 = Reserved (used for Direct Loan programs) 3 = Reserved 4 = Reserved 5 = Consolidation of Guaranteed Loans Without Interest Assistance 6 = New Guaranteed Farm Loan Program Loan (FLP) with Interest Assistance 12 Enter the Guarantee Fee Purpose Code. Guarantee Fee 3 = Initial Closing Fee Purpose Code 5 = Consolidation (No Fee on Consolidated Loans) 7 = Initial Closing—No Fee NOTE: If consolidating loans (Item 12 equals 5), all loans must be closed. This form will not close and consolidate loans at the same time. 13 Reserved Leave Item Blank. – Fee Rate 14 Enter amount of Guarantee Fee to be Paid with this report. Amount of Guarantee Fee Loan Amount x Fee Percentage x % Guarantee. Paid There is no fee required. Leave Item 14 blank. Item 12 equals 5 (Consolidation) Item 12 equals 7 (Initial Closing—No Fee) 15 Enter the amount of loan as follows: Amount of Loan-Line of Enter the full amount of the loan for new loans or ceiling for Credit line of credit. NOTE: THE AMOUNT ENTERED IN THIS Item MUST MATCH THE AMOUNT OBLIGATED. 16 Enter amount advanced at date of loan closing. If the loan is fully Advance advanced, enter amount of loan. If a line of credit, enter current
11 Source of Fund Enter the applicable Source of Funds code. Example: 1 = New Guaranteed Loan (includes all loan types) 2 = Reserved (used for Direct Loan programs) 3 = Reserved 4 = Reserved 5 = Consolidation of Guaranteed Loans Without Interest Assistance 6 = New Guaranteed Farm Loan Program Loan (FLP) with Interest Assistance 12 Guarantee Fee Purpose Code Enter the Guarantee Fee Purpose Code. 3 = Initial Closing Fee 5 = Consolidation (No Fee on Consolidated Loans) 7 = Initial Closing—No Fee NOTE: If consolidating loans (Item 12 equals 5), all loans must be closed. This form will not close and consolidate loans at the same time. 13 Fee Rate Reserved – Leave Item Blank. 14 Amount of Guarantee Fee Paid Enter amount of Guarantee Fee to be Paid with this report. Loan Amount x Fee Percentage x % Guarantee. There is no fee required. Leave Item 14 blank. Item 12 equals 5 (Consolidation) Item 12 equals 7 (Initial Closing—No Fee) 15 Amount of Loan-Line of Credit Enter the amount of loan as follows: Enter the full amount of the loan for new loans or ceiling for line of credit. NOTE: THE AMOUNT ENTERED IN THIS Item MUST MATCH THE AMOUNT OBLIGATED. 16 Advance Enter amount advanced at date of loan closing. If the loan is fully advanced, enter amount of loan. If a line of credit, enter current
FSA_2236_Instructions_Guaranteed_Loan_Closing_Report.docx