Step 1: Click on Add Loan
You can either click on "Add Loan" or "Loans" in the navigation panel on the left. If you clicked "Loans", simply click "Add" when on Loans.
Step 2: Select Your Entity
When on Add Loan, first fill in the following data:
- Which of your entities (if multiple) is taking the loan
Step 3: Choose Loan Amount
Then fill in:
- The amount (with currency) the selected entity would like to borrow
Step 4: Select Loan Term
Then fill in:
- When you want to receive the borrowed amount (i.e., the "Payment Date")
- How many months you would like the loan to last (i.e., the "Loan Term")
Note: we only charge our fee from the moment you received the money. As such, if you choose a future date under "Payment Date", you will not be charged until you receive your amount.
Step 5: Fill in Payment Details
Next, tell us which "Payout Recipient" we should transfer the funds to and which "Payment Method" we should use for invoices and principal repayments.
Step 6: Review
Finally, please review your details. At this point you can optionally add a "Reference" to this loan. The reference will be used when paying the principal out to the recipient account.
Once you're happy to proceed check the "Accept Terms" checkbox and click "Submit".
