E-Tran-Specific Tips

Table 1.
Topic Tip
Construction Loans If the transaction is a construction loan, the maximum number of periods is 312; whereas, a standard 7a loan is 300 periods. In order for E-Tran to accept construction loans with periods between 300-312, select the New Construction option on Form 1920 - Lender's Application for Guaranty to indicate the transaction is a construction loan.
Responsible Officer E-Tran processing sends Responsible Officer name for the transaction Contact Name. Responsible Officer name is found on several forms.
Renounce Delegated Authority Renouncingdirect authority causes the application to be sent to the Loan Guaranty Processing Center for underwriting.
Ownership Percentage Per the SBA's instruction; when ownership percentage is sent to E-Tran, the decimals will be truncated (not rounded). For example, if 33.33% is entered, 33% is sent to E- Tran.
Owners/Principals and Foreign Addresses

SBA's E-Tran interface does not support submission of owners/principals with foreign addresses. The SBA provided the following guidelines for loans with foreign address owners:

  • If the person is a principal owner with 20% or more ownership, the lender should use the SBA E-Tran web application and document the information in the lender comments section along with the loan file.
  • If the person is an owner with less than 20% ownership, the lender should remove this person from the file and submit the loan and make sure they document the issue within the loan jacket.
CAPLine Loans TSoftPlus supports submitting CAPLine loans using E-Tran processing when processing under delegated authority. The document E-Tran-Additional Required Data will auto- select for CAPLine transactions if processing under delegated authority. E-Tran- Additional Required Data includes additional questions that are required data fields for E-Tran processing but may not be available on any application document.
Small Loan Credit Scoring

TSoftPlus supports submitting small loans ($350,000 or less) using E-Tran processing for credit scoring and loan approval. If the street address includes a suite number, apartment number, or unit number, that information must be entered into the second address field when entering party information.

Creditscoring is done as part of the E-Tran submission to the SBA within TSoftPlus. You do not have to go to the SBA E-Tran site to do the scoring outside of TSoftPlus.

Status codes returned from the web site:

  • Application Number -If the credit score is above 140 and it is a delegated lender, the application will be funded and you'll receive an application number.
  • PR - Pending Request. Returned for Liquid Credit and should clear after 15 minutes. TSoftPlus will not automatically update the status in our program. Using your browser you will need to go to the SBA web site to get the updated status.
  • PS-Poor Score. The credit score is less than 140. The application will be terminated.
  • R1 - Review status. If the credit score is above 140 and it is a non-delegated lender, the application will be given LGPC review and you'll receive an application number.
  • SO-Screen Out status is only returned if Liquid Credit is unable to score the loan due to insufficient information possibly due to:
    • Missing D-U-N-Snumber.
    • Address contains both the street address as well as a unit number such as a suite number. Unit numbers should be entered into the second address field.

Pre-scoring

You do not need to pre-score, but the option is available. Pre-scoring can be done via the SBA's E-Tran site but not through TSoftPlus due to SBA limitations. Any completed pre-score work cannot be linked to the E-Tran submission and credit scoring that is done later through TSoftPlus. Any score submitted using TSoftPlus will be the score used by the SBA for approving the loan, not the score obtained by pre-score.
Export Working Capital Program As of the current release (2015.3), TSoftPlus supports the Export Working Capital Program (EWCP) in E-Tran.