Community Advantage Loans - Submission to E-Tran

SBA has made a new requirement for Community Advantage loans that requires lenders to provide text in the 'Lender Comments' section within E-Tran (see image below). When we inquired about this change, SBA informed the SPARK team that the requirement was meant 'to indicate if (lenders) used the SBSS score, their own OCRM approved score or their own underwriting policy based on similarly sized non-SBA guaranteed loans'.

This area in E-Tran was not previously required in order to submit, and SPARK does not currently have an equivalent area to map directly to this field. To accommodate this change to allow customers to submit Community Advantage loans to E-Tran, SPARK will be populating the following language in to the 'Lender Comments' section.

• If a SBSS/SLA score is documented - Loan application was scored with SBSS and was approved using [lender name]’s underwriting policy based on similarly sized non-SBA guaranteed loans.

• If no SBSS/SLA score is documented - Loan application was approved using [lender name]’s underwriting policy based on similarly sized non-SBA guaranteed loans.

If necessary, Lenders could update the language after submission to E-Tran.