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Home > Support > Ventures > SBA > ETRAN > ETRAN Validation Rule: For Principal, Percent Ownership percentage provided requires Principal to be a Controlling Interest Entity
ETRAN Validation Rule: For Principal, Percent Ownership percentage provided requires Principal to be a Controlling Interest Entity
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  • ETRAN Validation: For Principal, Percent Ownership percentage provided requires Principal to be a Controlling Interest Entity (2116)

 

Possible Resolution: Check the controlling interest for your entity owners (Entities menu > Contact level menus).  If ownership is distributed evenly and is less than 51%, then Controlling interest will need to be checked for all owners.  Examples of when you would need to check against owners is when you have ownership splits as 50/50;  25/25/25/25;  and 33/33/33.

 

 

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