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Based on “Dear Sher”.

Dear Sher

I am packaging a 502 loan for our next self-help group and I am having trouble with the 4-A Calculator. The applicant receives social security income and when I enter it in the calculator it only allows me to count it as repayment income but I need to use it for annual income too, where am I going wrong?

Dear Sher

Dear Sher, My organization wants to use the 10 percent de minimis indirect rate in our next 523 TA grant proposal. Can we do that?

Dear Sher

Is there a limit on the cash assets a nonelderly applicant can have and still get a 502 Direct loan? I am working with an applicant who is very low-income but they also have $42,000 in non-retirement cash assets.

Dear Sher

I know the U.S. Department of Agriculture – Rural Development office I work with has a long processing waitlist for 502 Direct applications and I’m concerned my packaged loans will stale before loan officers can even get to them. How do I turn in a packaged loan and ensure the documents are still good?

Dear Sher

I have a Section 502 loan application that I’m packaging where the applicant has only been at their current job for about three months but they have been in the same field of work for several years, is this considered stable and dependable?