Steps for Lenders when receiving Validation (354) and (1354)
If you have received one of the following Validations: “Principal (Tax ID XXX) must guarantee the loan with total ownership 20%(1354)” or, “For Application, One of the Primary Business Principal must guarantee the loan (354)” These validations will prevent you from creating an application in Ventures. In an effo…
Starting an Application with a Validation Error Code
If you have an application that is returning error codes, you can follow the steps below to establish and Etran Application number and use it to correspond with SBA. From Ventures: * Click on SBA Submission * Click Add * Enter your SBA CLS account Credentials * Choose Create New Application * Cli…
Validation / Error Code 4435 , 4436 and 4438
Table of Contents: * Loans applications created PRIOR to April 24th 2025 * Loans applications created ON or AFTER April 24th 2025 If you are receiving a 4435, 4436 or 4438 error code (errors related to citizenship status/citizenship clearance) the system will prevent you from creating a new application. Follo…
