VENTURES

SBA Lenders - Project Cost Description is Required for Debt Refinance Costs

The SBA was looking for help in filling out the description for debt refinance project costs that flow to the use of proceeds section in CAFS. We now require that the Description field to be filled in when the project cost is mapped to a Debt Refinance Cost Category in the Administration area. 
 

Added Decision Level and Decision Makers to the Credit Decision Record

Now, there is a way to record WHO made the decision and what LEVEL was required for the decision when recording Credit Decisions.

When adding a Credit Decision the first time, you can enter one decision maker. Then, if there are more people who made the credit decision, you can add them when you edit the record. 
 

PAYMENTS

Support for balanced NACHA exports

ACH batch configuration for balanced NACHA exports is now fully supported.  It is used to add a credit transaction for the lender's account to the NACHA export which creates a "balanced file" of debits that equal credits.  If the "Balanced File?" checkbox is enabled, the routing number and account number of the settlement bank account are required for the ACH batch.  The ACH batch export will include a credit transaction for the total of the batch as a deposit for the lenders bank settlement account.  Configuring ACH Batches - Ventures