How to reflect a Subordination in Ventures (504)
This KB article will show you how to represent a subordination in the Financing Menu of a 504 loan. * In the Financing Menu, go the the Financing Tab * Click on TPL record * Update the Lender and Lender Contact Field record to reflect the new TPL and contact * You will leave the following in place: …
Where do I input the Lender Contacts?
Lender Contacts are selected and/or created from within your Lender record in the Financing > Financing tab. For Contacts that have already been created start typing a portion of the person's name and the drop-down will display his/her name for you to select. If your Contact does not already exist for a Lend…
ETRAN Validation Rule: For Lender, do not have an active agreement (219)
The following validation applies only to 504 Lenders: For Lender, do not have an active agreement (219) SBA has activated a validation rule that will be thrown ONLY if they do not have the ALP Agreement on file for your organization. * If you are NOT an ALP CDC your SBA Processing Method should be 504 - Bas…
Finding the Lender Location ID
This article will cover how to find the Lender Location ID using Ventures and the CAFS platform. This article is also available as a video: Accessing a Lender's VCard To look up the lender's location ID, you will need to be within the Lender VCard. There are two methods for accessing Lender's VCards. …
