Creating Submitting a Loan from TSoftPlus to ETran

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To utilize ETran, you must first sign up with the SBA. For information on ETran and how to obtain a user name and password, refer to https://www.sba.gov/.

Select the NEW LOAN button on the TSoftPlus main page.
Create a new transaction by filling in the fields and selecting the CREATE button.
On the PARTIES page add a Borrower.
Select + Entitybutton.
Add an EIN/SSN, add Date Established.
Add at least one Owner under RELATED PARTIES.
Choose from the listed Parties or define a new party with either the + Individual or the + Entity buttons.
To add ownership details, click on the registered party in Related Party Details.
All ownership must total 100%. If there are multiple owners, the ownership percentages must add up to 100%.

Note:
Be sure to include full address, SSN/EIN and citizenship status for the owner and date of birth if it’s an individual.
After entering the details of related parties, be sure to click the SAVE button to save the Borrower page.
Add at least one of the owners as a Guarantor, either unlimited or limited. The guarantor should be an US Citizen so that the transaction can be submitted to ETran.
Add Responsible Officer, Authorizing Officer and Document Return To under the LENDER CONTACTS section.
To proceed, select a NAICS code. On the ELIGIBILITY page, under INDUSTRY CODES, click the SEARCH button for NAICS CODE.
Choose the desired code from the list provided.
On the LOAN INFORMATION page, enter the LOAN TERM and specify the USE OF PROCEEDS by selecting Specify. Then, click SAVE.
On the LOAN INFORMATIONpage, set the Index to Prime, then enter the Index Rate and Margin. Once all the inputs are entered, select the Compute Payment button.
At the bottom of the LOAN INFORMATIONpage, under General Information, set the number of Form 159s to be created.
On the OPTIONS DATA FILL-IN page and make sure to fill in several Forms, by selecting them from the dropdown and clicking on View Documents.
On the Form 1920 Lenders Application for Guaranty for all 7a Programs:
1. On Section A. Loan Processing Options: select one of the Processing Methods.
2. On Section C. Part Two: Small Business Applicant Information: select either Startup, New Business, or Existing Business. Then enter the numbers for # employees prior to loan, # jobs created because of this loan, and # jobs retained because of this loan.
On the Form 1919 Borrower Information:
1. Fill out the section for # of existing employees, # of FTE jobs saved/retained, and # of new jobs created.
2. Under the Applicant Owner's Demographic Information (Optional) section: answer all of the eligibility questions (Y/N questions).
ETran Additional Required Data document and fill out most of the form.
- Set Does this loan involve an Agent to No.
- Set Outstanding SBA Loans? to No
- Set Is this loan collateralized to No.
- Add at least one Reason Credit Unavailable.
- Borrower – set Controlling Interest to Primary Borrower.
- Borrower – set Prior SBA Loan? to No
- Owner – set Controlling Interest to Owner of the Concern
- Guarantor(s)
- Credit Score Financials and remainder of document – can be left blank.
After filling out the forms, select Done at the Options Data Fill and press Yes to generate the documents.
Go to SUMMARY DOCUMENTS page and select SUBMIT.
- Enter your ETran User ID, Password, E-mail Address, Location ID and select SUBMIT.
- If there are errors, identify the missing fields and complete the forms or update the data input pages.
- Once all errors are resolved, the following screen will appear: ETran Status: In Compliance Review.
- After submitting, you will receive a confirmation email and be able to find the transaction in ETran.
  Below is a sample of a confirmation email.
When completed with SBA's website.
Return to TSoftPlus Summary Documents page and select Update Status button to update the status.
- If the process is successful, the status will change to Approved Pending Funding.