Add another loan or a further advance
Keep one borrower with several independent agreements, while recording extra tranches under the appropriate existing loan.
Reuse the borrower record
Find the existing borrower in Borrowers. Open their notebook rather than creating another borrower for each loan or each lender.
Use Add Loan for a new agreement
Choose Add Loan for independent terms, another lender or a separate borrowing agreement. Review the preselected borrower and assign a distinct loan reference. Existing loans remain separate.
Use Further Advance for another tranche
Open an existing loan and choose Further Advance when the money belongs to the same agreement. Enter its date, amount, rate and source account as presented. Further advances retain their own rates and anchors.
Check lender and account ownership
A further advance remains with the loan’s legal lender and currency. Another account owned by that same lender can fund it. An account of a different legal person is blocked in the ordinary workflow.
Review and verify the combined view
Review, confirm once and refresh. The borrower notebook should show all independent loans, with each further advance inside its original agreement. Use the lender filter and separate currency totals when checking the result.
Check your result
- No duplicate borrower was introduced.
- New agreement versus further tranche is recorded correctly.
- Loan, lender, currency and source account agree.