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Updated almost 9 years ago,
Loan management/Tracking
Hello BPer's,
I am currently in the middle of a few big deals and wanted to see if anyone had any insight into this potential issue I can foresee.
My issue is that tracking loans and accrued interest on a number of different projects with a number of different investors is going to be quite difficult. As you know, cash is injected at various points throughout the project, at which time, interest begins to accrue. I have tried to do a number of searches to find a software solution that will allow my private investors and myself to keep track of when capital was injected, how much, and what the balance is for both principal and interest.
What are some of the software products available that can handle these needs? I would like a bi-lateral exchange of information.
Any software out there that can do this? Any insight is greatly appreciated, thank you.