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Home > Administration > Setting up New Loan Types
Setting up New Loan Types
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You can create your own custom Loan Types using one of the 3 templates that Ventures has to offer (504; 7a; or Commercial).  Loan Types may be added from within Administration > Reference > Loan > Loan Types > Click on the Green Add button to Add a new loan type. 


Before you begin using the new Loan Type, there are a couple of additional configurations that you should consider.


Assign Cost Types that will appear in the Financing > Project Cost area

  • New Loan Types do not have any Cost Types associated with them; and
  • Click on your new Loan Type and add Cost Types that you want to appear in the Financing > Project costs table


Configure your Credit Memos (Note: This requires the Web Templates module)
Your new loan type will not have any Credit Memos designated so you will need to configure which Credit Memos are applicable for the Loan Type.

1. Go into Reports & Letters > Web Templates.
2. Search for the Credit Memo you wish to configure. You can use the search bar to filter the list quickly.
3. Click on the Credit Memo to go to the editing screens. Click on the General tab to access the configurations.
4. In the Loan Type configuration, add your new Loan Type to the list.

NOTE:  If you do not have the Web Templates module contact [email protected] for our team members to assign the System Credit Memo for that category type to your new loan type.



OPTIONAL:  Configure your Loan Log 
Some organizations use the loan log to track cycle time against loans.  Your site administrator will need to visit Administration > Reference > Loan > Date Types to add the Loan Status to existing loan log dates.

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