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Debt: Transactions

Alix
Alix
  • Updated

The Transactions tab in the Debt section provides a detailed transaction ledger where you can track:

  • Loan draws
  • Loan repayments
  • Cap adjustments (by lender only)
  • Loan forgiveness (by lender only)

Transaction permissions are role-based:

  • Lenders can manage caps, forgive or cancel loans, and view borrower activity
  • Borrowers can draw and repay, but cannot modify loan terms or structure

Each transaction is timestamped and logged in both entities’ records, ensuring transparency and traceability. You can also:

  • View transaction previews before confirming actions
  • Delete or edit your own entity’s transactions (cannot modify those initiated by the other entity)
  • Export transaction history for reconciliation or auditing

Video instructions:

Manage Loan Cap (as Lender)

Follow these steps to change an existing Loan Cap as the Lender:

  1. Navigate to the Debt section and select the Transactions tab.
  2. Select the desired Loan from the dropdown menu at the top of the page. Then, click the + New button located in the top left corner to create a new transaction.
  3. From the New transaction list, select Manage Cap (Change an existing Loan Cap)
  4. A Manage Cap modal will now open. Here, you can update the Effective Date and enter the New Loan Amount as necessary.
  5. Once you have completed these steps, click the Create button to proceed.

After the transaction has been created, the Total Loan Cap will adjust accordingly, and the new Cap Managed Transaction will appear in the table.

Forgive or Cancel a Loan (as Lender)

Follow these steps to cancel or forgive an existing loan already created:

  1. Navigate to the Debt section and select the Transactions page
  2. Ensure that the desired Loan is selected from the Dropdown menu at the top of the page and click the + New button located in the top left corner to create a transaction.
  3. From the New transaction list, select Forgive (Forgive an existing loan) or Cancel (Cancel an existing loan) as applicable.
  4. A Cancellation modal will open, where you need to choose the Effective Date for the cancellation.
  5. Once you have selected the date, click the Forgive or Cancellation button to proceed.

After the Forgiveness or Cancellation transaction is created, you will see it added to the Transactions view.

In the Loans Received tab, the colour of the Loan in the top dropdown is now changed to Red, indicating it's no longer active. In the Loans Issued tab, the loan will be in Cancelled status.

Draw Funds (as Borrower)

To draw funds from an existing plan as the Borrower, follow these steps:

  1. Navigate to the Debt section and select the Transactions tab.
  2. Ensure that the desired loan is selected from the top dropdown menu, then click on the + New button located in the top left corner to create a transaction.
  3. Select Draw (Draw funds from an existing loan) from the list
  4. A new Draw modal will open where you’ll need to specify the details for the draw. Enter the Draw Amount and select the Effective Date. Add any Notes and attach Documents if applicable.
  5. Once you’ve filled in this information, click the Create button.

Your new Draw transaction in Active status has now been created!

Repay a Loan (as Borrower)

Follow these steps to successfully complete a loan repayment, by repaying a previously created draw:

  1. Navigate to the Debt section and go to the Transactions page
  2. Ensure that the desired Loan is selected from the dropdown menu at the top of the page. Then, click the + New button located in the top left corner to create a transaction.
  3. Select Repayment (Make a repayment of an existing loan) from the list.
  4. A Repayment modal will now open. Select the Draw to repay and enter the Repayment amount related to the previous Draw transaction, as well as the Effective Date. Add any Notes and attach Documents if applicable.
  5. Once you have filled in all the necessary information, click the Create button.

The Repayment transaction is now created in Confirmed status. The previous Draw transaction will be marked as Partially Paid, indicating that this repayment only covers a portion of the total Draw amount, not the entire loan.