Jan 13, 2024
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Whether it is a 504, 7A or a Commercial loan, you can add additional financial sources before the loan moves to funded status. Once the loan is in funded status, the Add button disappears.
- Click on Financing in the overview menu.
- Click on the Financing Sources Tab.
- Click Add.
- The add financing source pop-up will appear. In the Funding Type dropdown choose if the funding source is a participating loan, an equity injection from the borrower, or an equity injection that is borrowed.
- Depending on what you select the fields in the pop up will change. Fill in the rest of the fields. If you selected equity injection and do not see a relevant Injection type, your site administrator can add it to the list.
- Click save when you finish filling out the information required.
- The custom fields tab will only appear if your site administrator has assigned a custom field to this area of Ventures. if you see the tab, make sure you click it and fill in any fields you need to.