Understand Term Loans

You can set up and work with term loans when you use Eagle Accounting.

A Term Loan Facility is a package of different bank loans upon which a single borrower can draw, as per the terms and conditions stated in a lending agreement signed by and between one or more banks and the borrower. Many lenders often participate in term loans and share the risks and returns, and the interest and principal proportional to their participation. This process is called syndication. Term loans are also referred to as bank loans.

When you define a term loan in Eagle Accounting, you create a Term Loan Facility Security (processing security type of DBAMTL) and link it with one or more Term Loan Contract Securities (processing security type of DBIBTL).

For detailed information about setting up and working with term loans, see the Accounting Term Loans User Guide V11 and the Term Loans Implementation Guide V10.1 in the Product Guides area of this wiki.