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Moneylender has a long history of use when structuring and tracking commercial loans. The calculation engine at the heart of the software allows for near-infinite configuration and gets used by businesses all over the world. It's been battle-hardened by accountants, auditors, attorneys, judges and regulators in jurisdictions of all scopes.
Structure Any Commercial Loan
You establish a new loan in Moneylender with the basic starting conditions like interest rate, opening balance, borrower, etc. Once created, you can add more structure – such as changes to the interest rate, changes to the regular payment amount, additional principal disbursements, tracking and applying funds withholding at closing, tracking a changing balance against a preset credit limit, and the list goes on.
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Unlike the typical monthly payment on a traditional loan, commercial loans tend to have payments scheduled around significant events for the debtor business. Structures Moneylender handles include:
Moneylender does all this and much more.
Documents That Match Your Business
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Moneylender ships with a very serviceable set of default statement and notice templates as well as many standard reports. But no two businesses operate exactly the same. Moneylender's built-in template designer lets you customize the appearance and content of any borrower-facing document Moneylender generates so it conveys exactly the information that matters on your loans, and matches your business aesthetic perfectly.
Audit-Ready Commercial Loan Reports
Moneylender's reports are all customizable, and you can make your own from scratch. Need to routinely furnish data to an auditor? Create a set of reports that produce exactly what they want to see. It takes ten minutes of work to give the auditor exactly what they need each year. Need to provide monthly or quarterly accounting reports to your bookkeeper? Create a set of reports exactly how they want the information organized. With report batching you can set up groups of reports, and run them with a single click to export the data, ready for handoff to whomever needs it.
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Track Co-Owners and Investors
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Moneylender can track an unlimited number of co-owners in a loan. If you have a pool of investors that are financing the purchase of a downtown high-rise, Moneylender can help you track and distribute everyone's shares of the repayments. If you sell portions of a loan at a discount, you can track the discount as it's earned over time, reporting it separately as its own type of income alongside the recovery of principal.
When big money's at stake, things can end up in the legal system. Moneylender's been used on both sides of legal disputes and generates reports to describe all types of financing considerations. You can be assured you're working with solid numbers that withstand scrutiny.
Whatever the structure, a single loan or thousands of loans, Moneylender's dynamic calculator and robust templating systems give you the tools you need to make managing and collecting an effortless part of your operation.
Simple Pricing, No Surprises
Buy Moneylender Desktop once, or subscribe to Moneylender Online and work in any browser. Same features either way — you're choosing how you'll access Moneylender, and you can add the other option as your needs grow.
Need to keep your data in-house? Host your data on your own server by running a licensed copy of Moneylender Desktop — self-hosting is built into the app, with about five minutes of setup. Your data never leaves your infrastructure, which makes it the right fit for HIPAA, FERPA, and banking data. Watch the 5-minute setup.
Moneylender Online plans by portfolio size: $39/mo up to 99 loans · $59/mo up to 999 · $99/mo for 1,000+. Every plan includes one web user; extra web users are $30/mo each, and desktop license-holders always connect free. Full details on the pricing page.