Ventures+

Beginning Thursday, August 18, 2022, SBA's ETRAN system will only accept Headquarters Location IDs for Third Party and Interim Lenders.

There are currently no changes made to Ventures or the Ventures interface. This change should only impact new loans and should not have any impact on existing approved/funded loans. Lenders will need to validate any new loans being submitted to SBA to ensure they are sending the correct HQ Location ID.

Refer to the KB article labeled Finding the Lender Location ID for steps on how to lookup the Location ID from Ventures.

The CSA communication dated 8/17/2022 refers to steps on how to perform the Location Lookup function within the ETRAN platform and are listed below for reference and convenience.

· Log into CAFS

· Loans drop-down è Electronic Lending – Origination

· Search for your Application

· In the Third Party Lender section click the “Lookup” button under “Partner Info”

· Utilize the pop-up interface’s lookup options (e.g., Partner Name, Partner Location)

· Select the correct HQ Location ID from search results

Note: non-HQ Location IDs will no longer appear in search results”

NEW: 504 Lenders - SBA Form 1244 OMB Control No.: 3245-0071 (Expiration Date 12/21/2024)
- The SBA Form 1244 - 508 compliant fillable PDF form is now available within Ventures. The form will continue to merge as expected based on the data input when generated within the system.

"Appraisal Submitted with Application" for SBA submission via Etran is now an option included in the Collateral screen, in the Valuation tab under Valuation Type.

We're thrilled to bring the ability for users to now re-use task lists within a loan’s Tasks page! Simply select the “Add Task List” and choose from the list of task lists created within your organization. If you want to learn more about task lists, the knowledge base article is available here.

A message from the Ventures Support team:

Thank you to those that have already adjusted and continue to use the Contact Support Widget located on the upper right portion of Ventures! For faster response time please continue to use the Contact Support Widget to submit any Ventures inquiries, this will ensure that your inquiries are not blocked by SPAM, that they land in the appropriate queue, and that all Ventures Support Staff has access to these inquiries and can provide a response accordingly.

Have new staff, need a Ventures refresher? Access the Foundational Webinar Series recorded sessions.

The Contact Support widget also allows you to input keywords into the Subject Line and provides a list of helpful KB Articles that you may access and/or may answer your queries.

Ventures+

A message from the Ventures Support team:

Tags