Etran Validation Rule - Start Up requires 15% Injection
* ETRAN Validation: Start Up requires 15% Injection Possible Resolutions: Confirm your Established Date within Entities > General tab. If blank it will assume it is a start up. Confirm the Start Up Business is not checked in Eligibility > General > Credit Elsewhere tab.
ACH Data Entry for PPP Loans
For all PPP lenders , PPP packagers and/or PPP LSP's - Please view attached PDF with steps to update your ACH information
Etran Validation Rule - Request has already been uploaded and processed. Possible causes are: you pressed the upload button twice, you forgot you uploaded it earlier, a colleague of yours uploaded it and forgot to tell you
ETRAN Validation "Request has already been uploaded and processed. Possible causes are: you pressed the upload button twice, you forgot you uploaded it earlier, a colleague of yours uploaded it and forgot to tell you".... This error is usually thrown when an application has already been submitted to SBA's ETRA…
ETRAN Validation Rule: For Principal, Percent Ownership percentage provided requires Principal to be a Controlling Interest Entity
* ETRAN Validation: For Principal, Percent Ownership percentage provided requires Principal to be a Controlling Interest Entity (2116) Possible Resolution: Check the controlling interest for your entity owners (Entities menu > Contact level menus). If ownership is distributed evenly and is less than 51%, then C…
ETRAN: Ventures Link to Existing Loan
From Ventures: * Access the loan * Select SBA Submission from the left side menu * Click the Green Add Button * Input your CLS Credentials > Click Next * Select Link to Existing Application * Input your Application # or Loan # and click Next * A Pop will appear with the loan information. Click Li…
Etran Validation Rule - For Borrower, the Primary Borrower Tax ID (Tax ID XXX) cannot match the SSN of any of the Primary Borrower Principals
* ETRAN Validation: For Borrower, the Primary Borrower Tax ID (Tax ID XXX) cannot match the SSN of any of the Primary Borrower Principals. Possible Resolutions: Confirm that your Tax ID Type matches the type of Tax ID that is being used. * If Tax ID being used is SSN the Tax ID Type should be SSN * If Tax …
Error communicating with SBA Etran Service (https://caweb.sba.gov/elend/ws/elend.cfc). The service did not respond after waiting 15 minutes: Confirm application was not created
When submitting an application to ETRAN from Ventures, some users have seen the following error message returned: "Error communicating with SBA Etran Service ( ). The service did not respond after waiting 15 minutes." If you received this error, please DO NOT try and submit your application again through Ventu…
ETRAN - Passing Collateral records from Ventures to ETRAN
If Lenders have more than one collateral record in their Ventures Collateral table the record for the additional non-Project Property record(s) will need to be passed to ETRAN. How do you do this? Within a loan in Ventures: * Click on SBA Submission menu; * Click on Etrans; * Click on the green +Add butto…
ETRAN - Character Determination Background package for 504
ETRAN - Submitting your Criminal Background package (FKA 912 Package) for 504 loans * From Ventures > Make sure your Loan Status is set to Open > access the SBA Submissions > Etran menu * Click on the Existing " Application # " or if an application does not exist click on the Green Add Button to Add a n…
Setting up an account with a general inbox email
In this article, we will discuss setting up a Ventures account that uses a general inbox email address. You may have general inbox email addresses for various purposes at your organization. You may want to use these email addresses within Ventures when performing certain tasks such as Servicing emails or 504 ETRAN…
