Draw Disbursement
  • 16 Feb 2024
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Draw Disbursement

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Article summary

Outline – Training – Draw Disbursement

  1. Draws (Funding Control) module - https://bryt-product-guide.document360.io/docs/draws
    Note: It’s a requirement to have the Investments module for this draws module to work properly. 
    1. Show the loan’s summary Funding Column showing $0
    2. Must have a 100% funded/invested loan to start working with the Draws module
    3. Note the loan’s Summary once it’s been fully funded (equaling the 100% funded loan amount)
    4. Start by going to the loan’s Draws tab to Add a Draw (essentially just a note of funding activity)
    5. Refer back to the loan’s summary to see the ‘Paid’ amount that’s been disbursed

Note: The current draws module will not be charging interest only on what’s been disbursed, rather the full loan amount.