Guidance on Participation Sales for PPP Loans
… Form 750, SBA Form 3506, or SBA Form 3507. The originating Lender must continue to hold the note, the loan documents and retain all servicing rights. The originating Lender will be the party responsible to SBA with respect to … for the guarantee purchase of a PPP loan. The originating Lender must also provide SBA’s Office of Credit Risk …