Written by Stephen Ladek | 01 May 2010

Keeping with our commitment to always improving and refining our service to meet the needs of the SBA community, sbaOpen has released a new version of our service.

As our community continues to grow, our service improves through their useage and feedback.

The new features, enhancements and fixes in version 1.0.0.2005 include:

1. Enhanced depth and breadth of documents included in the package that is submitted to SBA via the APPROVE module.
2. Created a new STEP in the ANALYZE module that focuses exclusively on the Interim Income Statement.
3. Optimized the Current Business Debt step and associated Eligibility test.
4. Improved the tool for Lender conditions on Life insurance.
5. Enhanced Construction Eligibility test.
6. Users now have a choice on Form 4 Schedule A between using the SBA PDF form or an sbaOpen custom report.
7. Added SBA Form 1846 to the packaging portion of the application.
8. Enhanced SBA Size Standard Eligibility Test.
9. Expanded the EPC/OC Eligibility Test.
10. Added a STEP to the ANALYZE module that focuses exclusively on Historical Tax Information.
11. Users can identify owners and their spouses in order to share Form 413, Personal Financial Statement, and Form 4506-T forms.
12. Enhanced SBA Form 159 for better data entry..
13. Enhanced the Debt Coverage Analysis step to include a new matrix.
14. Improved Form 4 - Business Indebtedness report.
15. Improved Form 4 - Signature Page.
16. Improved the One Click Submission process.
17. Fixed Form 4506-T - for owners that are legal entities.
18. Improved Gather - Step 8 - Historical Tax Information for ease of use.
19. Enhanced Gather - Step 4
20. Automatically generated attachments to SBA forms that don't need to be signed are also automatically a part of the submission package.

 

 

Written by Stephen Ladek | 01 May 2010

sbaOpen will be holding events in Texas and Colorado in early May for lenders who would like to preview how our service works.

Come join Brian Burke, Karen McHugh and Stephen Ladek for lunch and learn more about how sbaOpen can meet your needs as an SBA lender:

In TEXAS:

• Friday, May 7, 2010
• sbaAccess and sbaOpen corporate offices - Conference Room
• 740 E. Campbell Road, suite 900 (Hwy 75 and Campbell Road, Richardson, TX)
• 11:30 - 1pm - lunch will be served

Seating is limited click here to register for this event in TEXAS.

In COLORADO:

• Monday, May 10, 2010
• Colorado Lending Source Conference Room
• 518 17th Street (corner of Glenarm and 17th Street) suite 1800
• 11:30 - 1pm - lunch will be served

Seating is limited click here to register for this event in COLORADO.

Written by Stephen Ladek | 30 April 2010

sbaOpen will be ONLINE in Ft. Worth, TX next week at the NAGGL conference. Please come by and visit with Brian, Karen or Stephen. We'll be in Booth #15.

While you're there learning more about how sbaOpen empowers the SBA community, you can register to win a single user license with unlimited access to all modules for the next 6 months!

Written by Stephen Ladek | 23 April 2010

In our continued commitment to our user community to ensure that we deliver the best service possible, sbaOpen has released a new version of our service today. Enhancements include:

1. Users who are SBA application packagers now have the ability to move between multipler lender clients
2. Improved summary matrix in Gather, Step 4
3. Updated interim income statement
4. Reconciliation of Net Worth automatically updates future years with Beginning Net Woth
5. Approve now includes a broader scope of Eligibility-related documentation
6. Improved administrative features to track and resolve support calls

We encourage our community to provide us feedback on these enhancements at support @ sbaopen . com or by simply using the "Feedback" button inside the application.