New Loan Workflow

Create New Loan is the function used to create a new SBA loan transaction within TSoftPlus. The Create New Loan feature has several components to it with a general workflow of steps once the organization and loan type selections are made. This workflow is flexible in that the user is not forced to complete each step and can easily jump from one step to another if desired.

The following list summarizes each step of the workflow.
  • Parties: This step allows you to assign parties to a particular role for the transaction. Transaction roles include:
    • Borrower
    • Guarantors (Limited or Unlimited)
    • Creditors
  • Eligibility: This page allows you to define Franchise information and set the Industry Code (NAICS) and RMA code for financial analysis.
  • Loan Information: This page includes multiple expandable sections where you can enter loan terms and use of proceeds, and view the amortization schedule. Additional sections provide capital injection details and options for selecting required government forms (4506-C IVES, 4506, and W-9) for transaction parties.
  • Collateral: This page allows you to define all collateral and owners, including real estate and non-real estate.
  • Financial Analysis & Authorization: Use this page to work with Financial Analysis spreadsheet templates for spreading, including worksheets for affiliate analysis and global cash flow. The second expandable section lets you launch the SBA Loan Authorization Wizard. For more information, refer to the Loan Authorization Wizard.
  • Options & Data Fill-In: This page allows you to work with the various documents that were auto-selected and populate the data needed for each document, as well as generate final documents in PDF format.
  • Summary & Documents: This page summarizes key information about the loan transaction. It allows you to review generated documents organized by phase. It also provides functionality for you to submit loan applications to the SBA using the E-Tran service.