Enhanced Funding

LoanPro's Enhanced Funding tool allows funding a loan via multiple methods. If preferred, use a Source Company to fund a loan. This tool is an update to the old Funding tool. The old method still works, but it will be phased out in the future. Note the following when using Enhanced Funding:

LoanPro's Enhanced Funding tool helps lenders keep track of how they give money to their borrowers.

There are multiple methods for funding a loan, and the method field determines which is used.

For an example of how the Enhanced Funding tool works within the UI, take a look at our Enhanced Funding article.

Database

For information regarding enhanced funding database tables, see the following articles:

Database – Enhanced Funding (loan_funding_transaction_entity)

Database – Funding Category (funding_category_entity)

{
    "loanId": 2883,
    "customerId": "142",
    "sourceCompanyId": null,
    "categoryId": 1,
    "paymentAccountId": 188,
    "merchantProcessorGroupId": "1",
    "merchantTxProcessorId": "",
    "date": "2021-06-16",
    "amount": 10,
    "method": "loan.funding.method.deposit",
    "authorizationType": "loan.funding.auth.ccd",
  	"metadata": {
  		"newKey": "NewValue" 
  	}	
}

{
    "loanId": 9118,
    "customerId": 1178,
    "categoryId": 1,
    "method": "loan.funding.method.cashdrawer",
    "date": "2023-01-01",
    "amount": 5
}

{
    "loanId": 9114,
    "customerId": "1183",
    "categoryId": 1,
    "date": "2022-09-14",
    "amount": 100,
    "method": "loan.funding.method.printcheck"
}