Release Notes - 2024-12-10
VENTURES 504 Lenders - Added All Associate Signatures Back to the Borrower Information Form In the 504 industry call today, the SBA spoke about needing Associate signatures on the 1244. So, we added back all Associate signatures to the signature block page of the Borrower Information Form. We'll work with the S…
SBA Form 1244 Mapping (2024 Version)
Ventures has updated SBA Form 1244 to comply with the latest revisions. A complete mapping guide is attached to this article. It explains how the form is filled out and where the form pull its data from in Ventures. This applies to all 504 loans with approval dates on or after 11/22/2024 and loans without an appro…
Release Notes - 2024-12-18
VENTURES 504 Lenders - Addendum A is Available! When the new 1244 is generated, if the answer to question 3 for an entity on the Borrower Info tab was 'Yes', Ventures will now produce an Addendum A. We have an article with a mapping guide attached covering Addendum A you can review it here. The Addendum A sh…
Recommended 504 Cost Type Mapping
As the new 1244 has been released, it is a good time to review your cost types. See a Cost Type you don't use anymore? Click here to learn how to remove it from selection in your loans. Cost Types can be reviewed in the Administration section of Ventures. * Click the cog/gear wheel icon to access the Admini…
