There are multiple options to consider when generating an FSA Guaranteed Loan Application. The following general rules that apply to most case scenarios, however, there will be exceptions depending upon your desired end result for the application.
On an existing loan you can control making the payment in the cash flow by using the To I/E check box.
If the refinance option is used, it takes the debt off the balance sheet and will pay off the entire loan balance in the projection. The pay-off will not appear in the projection if you deactivate the To I/E check box beside the payment amount in the loan schedule.
A typical new loan will not affect the balance sheet but will create an advance in the projection. You can also choose to make the payment in the projection.
You can choose to (or not to) send the advance to the projection by selecting/clearing the To I/E check box beside the advance amount. This same option is also available to you for the payment amount.
Attention Post Close Users: There is a Post Close check box available for new loans. If you select this check box, the new loan is placed on the balance sheet as though it has already been closed and the loan advance appears in the projection. On a post close loan you still have the ability to control the advance and the payment going to the projection by using the To I/E check boxes.
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