VENTURES

7(A) & 504 - ETRAN UPDATES

• 7(a) Tax delinquency question: Added a new required Y/N question on 7(a) Entities menu > Entity record > 1919 tab: "Is the business delinquent on any federal, municipal, or state taxes?" 

• 504 refrigerated and agricultural trucking acknowledgment: For 504 loans whose primary operating company has NAICS 484220 or 484230, a new checkbox in the Entities Identifiers section is visible to support FY2027 fee waiver treatment.

• SBA Loan Number for refinances: Added a new "SBA Loan Number" field on Financing > Project Costs > Debt Refinance > Debt Refinance Details, shown for "Refinance SBA Loan" cost categories (same and not same institution). 

• 7(a) Four cost types are added to the 7(a) EWCP/WCP Use of Proceeds dropdown (Admin > Reference > Loan > Cost Types): Pay Notes Payable , Pay Notes Payable (same institution), Refinance SBA Loan (same institution) and Refinance SBA Loan. 

• Change of Ownership fields: For project costs mapped to "Purchase Business (Change of Ownership)," the Change of Ownership tab, the following new fields were added:
  • Ownership Change Type field
  • Business Purchase Price field
  • Debt Service Coverage section with Historical and Adjusted DSC Ratio fields.

• International Trade Loan details: When International Trade Loan processing method is selected in project record, a new Trade Loan Detail section with ITL Qualification Category field is located in Financing > Project Costs menu.

• 100% ownership reporting: SBA submissions now send 100% of primary-level ownership for borrowers, principals and guarantors, plus 100% of borrowers' second-level owners, so lenders no longer enter these manually into ETRAN. The ownership threshold moves from 81% to 100% per SBA/ETRAN requirements.
• PIMS names for lenders and lienholders: You now have the ability to manage the Partner Information Management System (PIMS) name for your lenders from the SBA so that Ventures can send the PIMS name for the lender through E-Tran and documents can have the correct name for closing.
  • New admin page: Gear Icon > Reference > SBA > Partner Information Management System (PIMS) Name lists lenders with a Lender role and Location ID. Users click Update and sign in with CLS credentials to pull each lender's PIMS name from SBA. The table shows Lender Name, PIMS Name, Location ID and who added or updated each Company entry, and can be searched by lender name.
  • PIMS Name on the Company Contact card: A read-only PIMS Name field appears below the Lender ID, with an X to clear it. On SBA submission, Ventures looks up and saves the PIMS name for each lender and collateral lienholder that doesn't already have one.
  • Used in collateral submissions: E-Tran collateral submissions send the saved PIMS name as the lienholder name, falling back to the Ventures company name when none is saved.