Working with Loans

Loan Workflow Overview

Create New Loan is the function used to create a new SBA loan transaction. This 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 proceeding are the steps following Organization and Loan Type Selection.

  • Parties: This step allows the user to assign parties to a particular role for the transaction. Transaction roles include: Borrower, Guarantors (Limited or Unlimited) and Creditors.
  • Eligibility: This page allows the user to define Franchise information, set the Industry Code (NAICS), and RMA code for financial analysis.
  • Loan Information: This page has multiple expander sections. The user enters use of proceeds and terms of the loan and can view the amortization schedule. Additional expanders include capital injection information and selection for government documents needed for parties on the transactions (4506-C IVES, 4506 and W9 form selection).
  • Collateral: This page allows the user to define all collateral and owners, including real estate and non- real estate.
  • Financial Analysis & Authorization: This page includes options for working with the Financial Analysis spreadsheet templates to perform spreading. It includes worksheets to do affiliate analysis and global cash flow. The second expander allows the user to launch the SBA Loan Authorization wizard.
  • Options Data Fill-In: This page allows the user to work with the various documents that have been auto-selected, populate the data needed for each document, and generate the final documents in PDF format.
  • Summary Documents: This page summarizes key information about the loan transaction. It allows the user to review documents generated organized by phase. It also provides functionality for the user to submit loan applications to the SBA using the E-Tran service.