1. Line Origination User Guide
  2. Underwriting
  3. Business Tab

7.6 Business Tab

Oracle Financial Services Lending and Leasing can record SME business related financial information and business partners on the Business section to assist in approving the Line of credit application during underwriting. The Business Applicant screen is available and contains the following sub screens:
  • Address
  • Telecoms
  • Financials
  • Liabilities
  • Partners
  • Affiliates
  • Other details

If there are no business information associated with the application, the Business Applicant tab is unavailable.

To complete the Business tab
  1. If SME business information is included on the application, select SMALL BUSINESS in the Class field on the Applications section and click Save.

    The Business tab appears on the Underwriting screen.

  2. Click Business Tab.

    Figure 7-4 Business


    Description of Figure 7-4 follows
    Description of "Figure 7-4 Business"

  3. Perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 7-14 Business

    Field Do this
    Organization Type Select the organization type.
    Business Type Select the type of the business.
    Business Name Specify the name of the business.
    Legal Name Specify the legal name of the business.
    Tax ID Specify the tax identification.
    Start Date Specify the business start date.
    # of Employees (Cur) Specify the current number of employees at the business.
    # of Employees Specify the number of employees at the business after financing.
    Contact Person Specify the contact person at the business.
    Business Checking Bank Specify the bank name of the business’s checking account.
    Bank Acc # Specify the bank account number.
    Avg Checking Balance Specify the average checking balance.
    # of Locations Specify the number of locations of the business.
    Management Since Specify the year the current management was established.
    Existing Business Check this box if it is an existing Business.
    Existing Business Name Specify the name of Business entity. If this is not an existing Business, the field is displayed as UNDEFINED.
    Payment Hierarchy

    Select the required Hierarchy Definition to be used for payment appropriation from the drop-down list. The list is populated with all the pre-defined and enabled hierarchy definitions maintained Setup > Administration > Users > Payment Hierarchy screen.

    The Hierarchy Definition selected here is propagated to Servicing > Customer/Business details. If an existing hierarchy is modified and the Update Customer/Business info option is enabled, then the Payment Hierarchy in Servicing > Customer / Business details are also updated.

  4. Perform any of the Basic Actions mentioned in Navigation chapter.

This section consists of the following topics:

Parent topic: Underwriting