LP - Debt Line of Credit Functionality

See attached document for complete details. 

Line of Credit functionality has been added to the Debt module. You can now set up Line of Credit (LOC) Funding Sources that can be used to set up funding for a lease via a collateral note. Once permanent funding is obtained, you can then terminate the Collateral LOC Note automatically through the Discount Lease process. 

• Related Articles

• LP - v2 and v3 New Functionality

  See attached document for complete details.

• LP - Loan Module

  See attached document for complete details. Basic set up steps are required to initialize the Loan Module. The initial set up includes modifications to the Company Options area which will initialize the Loan Module and setting parameters for ...

• LP - Loan Participation Sale Logic

  See attached document for complete details. Loan Sale Logic has been added to the Loan Participation functionality in LeasePlus. You must have the Loan Module and the Discounting Module licensed in order to book a loan sale transaction.

• LP - Debt Management Module

  See attached document for complete details. Debt Management creates note payable records for leases discounted through Lease Discounting. The note generated will have the same payment schedule as the lease and will amortize automatically. Entries to ...

• LP - LeasePlus Reports Manual

  See attached document for complete details. The attached document outlines each of the Standard LeasePlus Reports.