7.6 Business Tab

This topic provides information on the business, including key details, operations, and associated contacts.

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 Loan 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.
2. On the Origination, click Origination. Under Origination, click Underwriting. Under Underwriting, click Business. Under Business, click Business tab.
   The Business screen displays.

   Figure 7-4 Business

   
   

   
   Description of "Figure 7-4 Business"

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

   Table 7-15 Business

   Field	Description
   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 on the Setup under Setup, click Administration under Administration, click Users under Users, click Payment Hierarchy screen. The Hierarchy Definition selected here is propagated to Servicing, click Customer/Business details. If an existing hierarchy is modified and the Update Customer/Business info option is enabled, then the Payment Hierarchy in Servicing, click Customer/Business details are also updated.

4. Perform any of the Basic Actions mentioned in Preface.

This section consists of the following topics:

• Address Sub Tab
  This topic provides information on the Address section. It enables users to capture, view, and manage address details within the request.
• Telecoms Sub Tab
  This topic provides information on the telecoms. It enables users to capture, view, and manage telecoms details within the request.
• Financials Sub Tab
  This topic provides information on the financials. It enables users to view, capture, and manage financial details within the request.
• Liabilities Sub Tab
  This topic provides information on the liabilities. It enables users to capture, view, and manage liability details within the request.
• Partners Sub Tab
  This topic provides information on the partners.
• Affiliates Sub Tab
  This topic provides information on affiliates.
• Other Details Sub Tab
  This topic provides information on other details.
• Tracking Attributes Sub Tab
  This topic provides information on tracking attributes. It enables users to define, monitor, and manage key attributes that support tracking and reporting within the request.