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