I thought I had read a post in regards to guidance lines and if we had reported the entire approval amount - say $1MM we could not report the individual dispersment amounts. However, I just found an article that states that disbursements can be reported on an individual basis if there are seperate and distinct notes - even if we reported the guidance line already as small business; this would be double dipping??? Confused any clarification on how or if you report your guidance lines is much appreciated.

The guidance line is not reportable becuase you do not actually have a loan until a draw is done. Then you will have a note under that guidance line. Each note drawn under the Guidance line is reportable.

Let me just add that it depends upon how your bank uses the term guidance line. To me a guidance line is an internal approval to speed future requests for a good client. The guidance line is not communicated to the borrower. Actual borrowings are documented with notes.

However, I have seen banks actually communicate and document what they call "guidance lines". Those are sometimes discretionary lines of credit (vs committed lines of credit from an accounting standpoint) or non-revolving lines, where there is a master note and each subsequent draw is a separate note. I do not know why banks call these guidance lines.

If you have a master note that you report you would not report the subsequent draws. If you do not report the master note, report the subsequent notes at each draw. If a discretionary line report the amount of the note.