November 3, 2021
Did you know that Ventures has a Knowledge Base platform where you have access to helpful Articles, Videos, Submit a Support Ticket and even track your support tickets?
Access the Ventures Knowledge Base widget located on the lower section of Ventures: Stay Connected section or bookmark https://ventures.happyfox.com/home/
Ventures Webinar Dates
Use the links below to register for the final sessions of the Foundation Series Webinars.
504 Lenders - 1098 Reporting
The IRS Form 1098 requires reporting on data fields related to real property. In order to fulfill this requirement, the CSA, at the direction of the SBA, is requesting that the CDCs return the additional data fields to the CSA for all loans funded between December 1, 2020 and November 30, 2021.
Action Items for lenders - The report is due no later than November 30, 2021
Provide data to the CSA for all loans funded between December 1, 2020 and November 30, 2021 via a report within Ventures. Click HERE to access the Video and Handout that include the steps to produce the report in Ventures and send to the CSA.
504 Lenders - New Warning Validation
A new Warning validation will appear for loans approved within the date range of 12/27/2020 - 09/30/2021. The Warning message includes the link to the NADCO Tech Brief Notice 02-22 dated October 27, 2021 which can be used for reference. The Warning will appear when any of the following occurs within Ventures:
SBA Approved Date falls within the date range of 12/27/2020 - 09/30/2021
Closing Requirements > Post Approval Action > Post Approval Type = Auth Amendment and Action Types includes Increase
SBA Submission > Etrans > Upload > Submission Type = Servicing Request (327)
New Security Enhancement added:
The Password requirement has been enhanced for added security and must include the following when resetting / changing your password:
The password must be at least 8 characters long and must include the following:
Lower case characters (a-z)
Upper case characters (A-Z)
Numeric characters (0-9)
Special Characters (e.g. @#$%&*()_+/ etc.)