Beneficial Ownership
We added a new table that shows the beneficial owners of each applicant. It is part of an additional page to the Borrower Information Form of the 1244. The ownership section of the Borrower Information Form asks that at least 51% of the beneficial owners be reported. Beneficial ownership is the cumulative percentage …
SBA Form 1244 Changes (2024 Version)
The mapping for every field of the new 1244 and where it is in Ventures is attached and found in this KB article . Below are about 10 highlights. **There are two Lender actions that need to be taken care of to map project cost types properly to the new 1244.** * *LENDER ACTION* We added a dropdown to the Co…
Release Notes - 2024-11-20
VENTURES SBA 504 Lenders - NEW 1244 is Now Available! The mapping for every field of the new 1244 and where it is in Ventures is attached to these release notes and found in this KB article . Below are about 10 highlights. **There are two Lender actions that need to be taken care of to map project cost…
