DECEMBER 6TH, 2023 ANNOUNCEMENTS VENTURES 504 Lenders - Pre-application option now sends all borrowers/principals to help with Pre-check's in ETRAN Ventures has updated the current pre-application process to send all borrowers and all principals, along with tax ID's, on a Ventures record to ETRAN. Previously,…
January 18th, 2023 Announcements Ventures+ 504 ETRAN SUBMISSION ENHANCEMENT Lenders can now update data within their application and generate the Authorization when the Etran Status is Application In Process or Awaiting Documents. Review the KB article which includes a helpful step by step video HERE …
June 7th, 2023 Announcements VENTURES ETRAN Terms and Conditions - 504 Lenders The 504 Wizard has been retired and is no longer accepted by SBA. You can generate the Terms and Conditions (F/K/A Loan Authorization) in ETRAN or you can generate it directly from Ventures. View the KB article and video labele…
AUGUST 2ND, 2023 Announcements VENTURES NEW ETRAN Status and Workflow For 504 and 7(a) loans: In Compliance Review (R0) SBA will now be performing compliance checks for applications before moving them to Awaiting Documents / In Reviewer 1 / Funded status. The new status is "R0" within a CAFS record,…
SEPTEMBER 13th, 2023 ANNOUNCEMENTS VENTURES Environmental Investigation Reports section added to Commercial category We have added the Environmental Investigation Reports section of a Real-Estate-related Collateral record > Environmental tab to Commercial Category type loans. Previously, this section was on…
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