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Home > E-Blast Archives - FY2019 > 2018-November Announcements
2018-November Announcements
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On Mon, Nov 19, 2018 at 7:29 AM Miriam Voigt <[email protected]> wrote:
Reminder for 504 Lenders - deadline of 11/30/2018 quickly approaching!  If you have already submitted your 1098 CSA data please disregard this email.
 
504 Lenders:  1098 CSA Required Data Reporting  
The deadline for reporting this information is Friday November 30th.  If you missed the 2 webinars we held in regards to the required data reporting that must be sent to the CSA, please visit our ventures.happyfox.com website to download the complete handout.  We also have a short video with highlights HERE
 
 

On Wed, Nov 7, 2018 at 6:02 AM Miriam Voigt <[email protected]> wrote:

504 and 7a Lenders:  NEW ETRAN VALIDATION RULE (For Borrower 1, Tax ID XXXX, Total Percentage of Ownership for Associates XX cannot be less than 95)
As of October 31st, ETRAN is requiring that every application account for at least 95% of the business ownership involved in a project. We are in communication with SBA in regards to this new rule but please know that it is currently in effect. To avoid submission delays it is recommended you input the required data input points for owners within Ventures (i.e. EIN/Social Security Numbers) so that the data passes into ETRAN.  As another reminder and per the communication received from SLPC on October 5, 2018, if you have foreign national principals please contact [email protected] as soon as possible to request a SBA-issued number for the sole purpose of entering the application into ETRAN (contact SLPC before you have to submit your application to avoid delays).
 
504 Lenders:  Update re newly issued 1244 and 2234C forms
The updated 1244 and 2234C (PCLP Eligibility) System forms have been deployed in Ventures as of Monday November 5th.  The previous version of the 1244 (04-18 version) is also available for clients that have already had that form executed. 
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When using the 1244 Parts A-D_old version please take note of the following:
  • 1244 Part B, Section VI.5 - You will need to manually enter values and answer input the number of jobs
  • 1244 Part B, Section VI.6 - You will need to manually enter values and answer either Yes or No
  • 1244 Part B, Section VI.7 - You will need to manually enter value and answer either Yes or No
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504 Lenders:  Opportunity Zone tracking
If your project is located within an Opportunity Zone the field for tracking of the project is found in Eligibility > General > Public Policy tab
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Questions/comments?  You know where to find me.  Thank you. 
 
On Fri, Nov 2, 2018 at 7:43 AM Miriam Voigt <[email protected]> wrote:
 
Webinar link
DOH!!!  The training link has been added to the original email message below

 

504 Lenders:  Job Opportunity Requirements & Opportunity Zone

With the changes to the 504 Job Opportunity requirements Ventures will be modifying the interface to account for the calculation per jobs.  We will also be adding an Opportunity Zone checkbox for you to report against loans in those areas.  We will most likely have these changes in place by next week.  Check the Home page Announcements widget for updated information.

 

7a Lenders:  Opportunity Zone checkbox

As a reminder, Ventures added a checkbox for tracking of Opportunity Zones to the Eligibility tab last month.

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504 Lenders:  UPDATED SBA Forms 

We will have the updated 1244 and 2234C available in Ventures by Monday morning. Please check the Announcements widget for updates.

 

Lastly - HAPPY FOX 🐶

Please add ventures.happyfox.com to your safe senders list and do not forget to register for an account to access some great knowledge base articles and videos.

 

That's it.  Let me know if you have any questions.  Happy Friday!

 

 

 
On Thu, Nov 1, 2018 at 4:39 PM Miriam Voigt <[email protected]> wrote:
November Webinar Trainings 
If you have new staff or if your staff needs some refresher training click HERE to view all webinars being hosted this month.
 
504 Lenders:  SBA Annual Jobs Report
As a reminder, this report can be found in the Reports & Letters main menu in the Bulk Letters menu.  The report is labeled Annual Job Report
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504 Lenders:  1098 CSA Required Data Reporting
The deadline for reporting this information is Friday November 30th.  If you missed the 2 webinars we held this week in regards to the required data reporting that must be sent to the CSA, please visit our ventures.happyfox.com website to download the complete handout.  We also have a short video with highlights HERE
 
Did you know...for 504 Lenders?
At the Ask Miriam breakout session during the NADCO Annual Meeting a question was asked on why email correspondence from the SLPC only references the Application Number.  The answer is the following:
Only the Pre-Applications email receipts provide the Application Number.  The reason for this is because SLPC does not get a data file from ETRAN like they would with a normal Application.  A Pre-App requires minimal information.  For example, if a Pre-App was submitted for an Environmental review an Application Number would be listed in the subject line of the email and the body of the email would indicate what was received to help the recipient identify what was received.
 
Questions?  You know where to find me.  Enjoy your evening. 
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