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VENTURES
Expanded CAIVRS, SAM, and OFAC List
The CAIVRS, SAM, and OFAC list pages (Loan > Verification) has been modified to include ALL active entities, owners, and guarantors. Lenders may select which are reported on the Credit Memo by using the "Include in Memo" checkbox.
PAYMENTS
Reporting Unguaranteed Amounts
Users can now run reports on the unguaranteed balances and unguaranteed portion of cash received. Previously, users could only report on guaranteed balances and portions. Check out the new system report called Payments: Guaranteed and Unguaranteed Cash Received.
New fields added:
SBA 1502 Report Changes
- Ventures has updated SBA 1502 report version 8/2024 to be based solely on transactions and removed some calculations that previously happened on report generation. This will reduce the number of errors some of our lenders have been seeing the last few reporting months. Thank you for your patience as we made our 1502 better.
- Permanently added Reference Name column with hyperlink to Ventures loan to report.
- Removed "Additional Columns" support for 1502 report version 8/2024. Lenders can use our system report Payments: Guaranteed and Unguaranteed Cash Received to see the unguaranteed information that the columns provided.
- Removed support for the previous SBA 1502 version 12/2023.
- Removed support for the preconfigured PPP 1502 found in the Data > PPP Loans menu.
Added a Past Due Aging Report
Ventures now has a standard report called "Past Due Amounts Aging" in the payments reporting area (Payments > Reports). Clients can now see their past due amounts within each of four buckets. Learn more about it in this KB Article.
Added Loan Principal Projections Reports
Ventures now has two "Principal Projections Reports" one for one-year and a second report for five-years in the Reports area (Data > Reports). Learn more about it in this this KB Article
