Sba Form 1088 – Fill Out and Use This PDF

OMB No. 3245-0212

OMB EXP. DATE : 6/30/2010

FORM OF DETACHED ASSIGNMENT

FOR U.S. SMALL BUSINESS ADMINISTRATION

LOAN POOL OR GUARANTEED INTEREST CERTIFICATE

(To Be Effective, This Assignment Must Be Delivered To The Fiscal And

Transfer Agent With The Described Registered Certificate)

I am the owner, or the duly authorized representative of the owner, of the Loan Pool or Guaranteed Interest Certificate described below, and when I purchased such Certificate I was not the Borrower, Lender, or an Associate of the Lender or the small business borrower (as defined in Title 13. Code of Federal Regulations, Part 120).

FOR VALUE RECEIVED, the undersigned assigns and transfers to:

____________________________________________________________________________________________

Type or print name, address (including zip code)

____________________________________________________________________________________________

and taxpayer identifying number of assignee

the following described registered Certificate and all rights thereunder, effective as provided in SBA Forms 1085 or 1086, of which the undersigned is the Registered Holder or the duly authorized representative of the Registered Holder:

Certificate Number: ____________________________________________________________________________

Date: __________________________	__________________________________________________
	Signature by or on behalf of Registered Holder

I CERTIFY that the above-named person(s) as described, whose identity (or the identity of each of whom) is well known or proved to me, personally appeared before me this __________day of ________________, 20 _____ at

_______________________________________ and signed the above assignment.

City and State

If the signatory is signing on behalf of Registered Holder, I am satisfied that such signatory is properly acting in such capacity.

Signature Guaranteed By: ______________________________________________________

	Signature and title of certifying officer
	______________________________________________________
	Name
(SEAL)	______________________________________________________
	Address

Officers authorized to certify assignments include officers and employees of banks and trust companies incorporated in the United States, its territories or possessions, or the Commonwealth of Puerto Rico, and Federal Savings and Loan Associations, who have been authorized to (i) generally bind their respective institutions by their acts, (ii) unqualifiedly guarantee signatures to assignments of securities, or (iii) expressly certify assignments of securities.

REQUIRED DISCLOSURE INFORMATION MUST BE COMPLETED FOR TRANSFER.

SBA Form 1088 (11-08) Previous Editions Obsolete.

Bond equivalent yield:
[Fixed rate pools]		%
[Variable rate pools] (Base Rate +/-:			)		% based upon			% Base Rate

10.Investment Characteristics. The seller must provide the following additional information to the buyer prior to the sale:

(a)SBA guarantees timely payment of principal and interest on pool certificates.

(b)SBA does not guarantee premiums.

(c)The pool or parts thereof may be prepaid prior to scheduled maturity.

PART B: INDIVIDUAL LOAN CERTIFICATES

1.	Constant Annual Prepayment Rate Assumption.			% per year.
2.	Certificate Scheduled Maturity Date. Month				Day		Year______

3.Price. (Net of transfer fee and accrued interest. Otherwise include all money and any other items of value exchanged)

$______________

As a percentage of par ______________%

4.Certificate interest rate. (Supply the certificate interest rate from the front of the certificate. For fixed rate loans fill in the coupon rate. For variable rate loans use the spread over or under Base Rate. (e.g., enter variable "Base Rate + 1%.)

_______________%

5.Coupon used to determine yields on variable rate loan.

6.Interest rate ceiling and floor. if any, on variable rate loan.

Ceiling		% Floor		%

7.Delay days to first payment: 75 days for an individual loan.

8.Cash flow yield based upon preceding information. Enter both mortgage and bond equivalent yield. For a variable rate loan, the yield should be based upon the current coupon rate and should be entered as a spread against Base Rate. (Example: Base Rate + 1.0% based upon 10% Base Rate).

Mortgage yield:
[Fixed rate loans]		%
[Variable rate loans] Base Rate (+/-: ____)					% based upon _____% Base Rate
Bond equivalent yield:
[All loans] ____________%
[Variable rate loans only] Base Rate (+/-:					) _____% based upon _____% Base Rate

9.Investment Characteristics. The seller must provide the following additional information to the buyer prior to the sale:

(a)SBA does not guaranty timely payment of principal and interest on individually guaranteed portions.

(b)SBA will purchase the individually guaranteed portions upon 60 days uncured default by borrower.

(c)SBA does not guaranty premiums.

(d)To aid the orderly repayment of borrower's debt, the lender may, at the request of the borrower, grant one three month deferment resulting in a three month delay in payments to the investor.

(e)The guaranteed portion may be prepaid before the maturity date.

This form is required to obtain a benefit.

PLEASE NOTE: The estimated burden for completing this form is 1 ½ hours PER response. You are not required to respond to any collection of

information unless it displays a currently valid OMB approval number. Comments on the burden should be sent to U.S. Small Business Administration, Chief, AIB, 409 3rd St., S.W., Washington D.C. 20416 and Desk Officer for the Small Business Administration, Office of Management and Budget, New Executive Office Building, Room 10202, Washington, D.C. 20503. OMB Approval (3245-0212). The respondent should not send the completed form to these addresses.

SBA Form 1088 (11-08) Previous Editions Obsolete.