From
Sent: Friday, July 31, 2020
To: PDC Application Processing-Kingsport I PDC Loan
Processing contractors 
PDC Accounts Detailed to App Processing


Subject: Rapid Decision Reference Guide: Updated 07.24.20

Importance: High

   

Please do not reply to this email

Important Update

The Rapid Decision Reference Guide (07.24.20) has been updated and is attached. All
other versions of the guide are obsolete.

Please note the following key changes:

. Franchises: A new supplemental directory (SBA Franchise 
Brands) has been created and is attached. The supplemental directory
lists businesses deemed eligible for ODA but not for or 504 programs
because they are landlords deriving their income from rental property. For
example, My Salon Suite leases hair nail salon space to individual
stylists. When searching for a franchise, both directories should be
reviewed.

. If the franchise is listed on the directory and indicates under the SBA
Addendum Farm 2462 column, the executed franchise agreement and
addendum must be obtained prior to loan approval. Allow the applicant 7
days to provide the documents.

. All 20% or more shareholders/partners/members and general partners
should be on the loan. If not, request EIDL application (SBA
Form 3501)from each. Allow the applicant 7 days to provide the
documents.

In addition to last night's Rapid Decision software release, other updates include the
following:

. New Info Message: Displays when the Tax ID type entered by the
applicant doesn't corresopond to the entity type (SSN or EIN). The Approve 
obligate buttons will be disabled until the Tax ID type in the application is
corrected.

. Users now see Notes to track obligating, funding, withdrawal and reactivating
attempts made by the system. (see attached training guide)

Ilyou have questions, consult your Team Lead.

Thank you,

Supervisory Loan Specialist
Office of Disaster Assistance
U.S. Small Business Administration

817 868 300 ex
sba.

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