Navigation:  Loan Screens > Investor Reporting Screen Group > Loan Investor Fields Screen > Investor Loan Basics tab > SBA Approval Date

Entry: User, date

F/M: Yes

Mnemonic: MRAPPD

Screen: Loans > Investor Reporting > Loan Investor Fields > Investor Loan Basics tab

 

Use this field to indicate the date the customer loan was approved by SBA (if the loan has an SBA identifier as indicated in the Investor Identifier field on the Loans > Investor Reporting > Investor Master screen).

 

When the run date of the SBA Monthend Report (FPSRP020) is more than 90 days after the date in this field, the loan is reported as a status code 9 if no disbursements have been made on the loan (identified by action code 69). This applies to loans in process (LIP) and line-of-credit loans (payment method 5, 9, or 10) that have not yet advanced funds on the loan.