Jan 13, 2024
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This page allows you to add additional injection types. Items entered here appear in the drop down menu in the financing area when adding an injection type. To add an Injection type, you have to be a site administrator:
- Click on Administration in the menu at the top of the screen.
- Click Reference.
- In the Reference submenu, click Loan.
- In the Loan submenu, click Injection Types. The injection types pages will load. You will see a list of all Injection Types already in the system
- To add an injection type click Add.
- The add type pop up will appear. Enter a name for the type you are creating. This is the name that will appear in the dropdown menu when a user is selecting it, so make it as descriptive as possible.
- Mark the type active. If the active box is not checked, the type you are creating will not be available for selection.
- If the type you are creating will be a borrowed injection, check the Borrowed Type box. Injections with this box enabled will allow you to enter rates and terms. Monthly payments will be calculated so that they can be accounted for in the debt service analysis.
- For SBA lenders, use the SBA Inject Type dropdown field to map the injection type to SBA’s injection types. This is important as it dictates how data for this injection type will translate to ETRAN.
- For SBA lenders, make sure you fill out the SBA Borrower Contribution Type. This maps your injection type to the SBA’s borrower contribution types. This setting applies to 504 loans.
- When you finish filling out the information you need to, click save.
- The pop up will disappear and you will see the injection type you have created in the table of injection types.
To edit an injection type:
- Click the hyperlinked injection type name.
- The edit type popup will appear. It looks the same as the create a type pop up. Make your edits and click save.
In general, we do not recommend deleting types, instead if you want to remove a type as an option in your system, mark it inactive by clicking on the type and unchecking the active box, then clicking save. This will remove the type from selection in Ventures, but will not affect loans the type has already been used in.
- If you do want to delete the type click the X icon in the row of the type you want to delete.
- A confirmation pop up will appear. Before you confirm that you want to delete the type, it is important you use the Replace With dropdown menu to select a replacement injection type. This type will automatically replace the type you are deleting anywhere it is selected. Make sure you select a type to replace the deleted type with.
- Confirm that you want to delete the type by clicking the delete button in the confirmation pop up that appears.
- You will return to the type page and the type will be deleted.