NetLoan - Financing Option Template Setup
Overview
NetLoan provides automation that helps Lenders finances goods directly from a Sales Order. NetLoan allows users to set up financing options that represent various financing terms available to customers who meet the acossiated requirements. Loan records can automatically be created with specified terms that then pay off the financed portion of the Sales Order Invoice.
This article shows how to setup the Financing Options that can then be selected on the Sales Order.
Navigation
- Navigate to the NetLoan Financing Option list. NetLoan > NetLoan Setup > Manage Financing Options > List
- Select the "NewNetLoan Financing Option" button
- Enter the below information in the Primary Information section:
Field Required Loan Record Field Sourcing Example Name Type Required Borrower Leave blank Sourced from Customer field on Sales Order Subsidiary Leave blank Sourced from Sales Order Intercompany Borrowing Subsidiary NA NA NA Department Optional Sourced from Sales Order or Financing Option if value selected Class Optional Sourced from Sales Order or Financing Option if value selected Location Optional Sourced from Sales Order or Financing Option if value selected Currency Optional Sourced from Sales Order or this field if value selected Schedule Calculation Type Optional Sourced from Type selected on Financing Option or this field if selected Notes Optional Sourced from this field if populated - Enter the below information in the Schedule Information section:
Field Required Loan Record Field Sourcing Example Origination Date Leave blank Sourced from Sales Order 01/01/2026 Initial Payment Date Leave blank Adjusted dynamically based on Origination Date and Payment Day NA Maturity Date Leave blank Adjusted dynamically based on Origination Date and Loan Term NA Loan Term Optional Sourced from Sales Order 12 Minimum Loan Balance Optional Sets the minimum allowed Initial Loan Balance which sources from the Sales Order $500 Recurring Payment Optional Calculated if the Schedule Calculation Type is set to "Calculate Payment" or this field if populated $30 Payment Day Optional Sourced from Type selected or this field if value selected 15th Business Day Convention Disabled Sourced from Type if selected NA Day Count Convention Disabled Sourced from Type if selected NA Annual Percentage Rate Required Sourced from this field 5% Loan Origination Fees For Capitalization Optional Sourced from this field if populated $50 Down Payment Optional Sourced from Sales Order when "Sync Down Payments With Customer Deposits" setting is selected or this field if populated $100 Balloon Payment Optional Calculated if the Schedule Calculation Type of "Default" is selected or sourced from this field if populated $100 - Enter the below information in the Related Records tab:
Field Required Loan Record Field Sourcing Example Source Transaction Leave blank Sourced from Sales Order NA Financing Option Template Leave blank Not needed for Financing Options marked as templates NA Payments tab Optional Select any scheduled payments that should be added to the loan NA Rate tab Optional Select any scheduled rate changes that should be added to the loan NA - Enter the below information in the Accounting tab:
Field Required Loan Record Field Sourcing Example Variable Rate Index Optional Sourced from this field if selected or the Type selected SOFR Variable Rate Spread Optional Sourced from this field if selected 2 Default Payment Terms Optional Sourced from this field if selected or the Type selected Net15 Business Day Calendar Disabled Sourced from Type if selected NA Default Payment Time of Day Optional Sourced from this field if selected or the Type selected End of Day Interest Capitalization Frequency Optional Sourced from this field if selected or the Type selected Never Interest Free Term Optional Sourced from this field if selected 2 Custom Accounting Calendar Optional Sourced from this field if selected or the Type selected 4-4-5 Calendar Beginning Accumulated Accrued Interest Optional Sourced from this field if selected $20 - Enter the below information in the Management tab:
Field Required Loan Record Field Sourcing Example Use as Template? Required Must be selected to be displayed as option on Sales Orders Minimum Credit Score Optional Used as a criteria that needs to be met for the Financing Option template to show on the Sales Order 600 Maximum Credit Score Optional Used as a criteria that needs to be met for the Financing Option template to show on the Sales Order 700 Assigned To Optional Sourced from this field if selected Jerry Sumfields - Click the "Save" button once completed