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pzaichkina authored Nov 12, 2024
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9 changes: 4 additions & 5 deletions docs/lending/guides/loan-writeback/introduction.md
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Expand Up @@ -18,12 +18,11 @@ This guide takes you through the steps needed to implement and run the loan writ

This solution covers the loan writeback procedure for both general lending, such as term loans, and selective invoice finance.

:::tip Use our SDK
:::tip Save time with our SDK

Save time by using our Lending SDK to integrate directly with our API.
The loan writeback namespace includes all the methods you need to develop your loan writeback solution.
Deploy your loan writeback solution quicker by using our Lending SDK to integrate directly with our API. The loan writeback namespace includes all the methods you need to develop your loan writeback solution.

Check out our docs for [typescript](https://github.com/codatio/client-sdk-typescript/tree/main/lending#loanwriteback), [python](https://github.com/codatio/client-sdk-python/tree/main/lending#loan_writeback), [C#](https://github.com/codatio/client-sdk-csharp/tree/main/lending#loanwriteback), [Go](https://github.com/codatio/client-sdk-go/tree/main/lending#loanwriteback), and [Java](https://github.com/codatio/client-sdk-java/tree/main/lending#loanwriteback).
Check out our SDKs for [TypeScript](https://github.com/codatio/client-sdk-typescript/tree/main/lending#loanwriteback), [Python](https://github.com/codatio/client-sdk-python/tree/main/lending#loan_writeback), [C#](https://github.com/codatio/client-sdk-csharp/tree/main/lending#loanwriteback), [Go](https://github.com/codatio/client-sdk-go/tree/main/lending#loanwriteback), and [Java](https://github.com/codatio/client-sdk-java/tree/main/lending#loanwriteback).

:::

Expand All @@ -45,7 +44,7 @@ This results in loans being improperly recorded as revenue and repayments as ope

By implementing loan writeback functionality in your application, you can make sure loan bookkeeping is done regularly, correctly, and quickly so that you always see an up-to-date state of the borrower's accounts.

POLINA (I'm trying to say that write back is useful for you too): Loan writeback not only helps SMBs make their accounts more accurate but also helps you and other lenders identify loans in an SMBs accounting software thus helping you improve your underwriting by being able to accurately identify the SMBs debt repayment history.
Critically, the loan writeback functionality helps lenders clearly identify loans in an SMB's accounting software. As a result, the lender sees a more accurate picture of the SMB's debt repayment history, which leads to improved underwriting.

:::info Mandatory loan writeback

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22 changes: 9 additions & 13 deletions docs/lending/guides/loan-writeback/record-general-loan.md
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import Tabs from '@theme/Tabs';
import TabItem from '@theme/TabItem';

The loan writeback process is the same for both general lending and invoice finance.
The key distinction lies in the repayment method: general lending usually involves recurring payments, while invoice finance is repaid when the SMB’s customer pays the invoice.
Since the underlying process is the same, we will focus on general lending and also provide additional details on how to further automate the process for invoice financiers.
The loan writeback process is the same for general lending and invoice finance. The key distinction lies in the repayment method: general lending usually involves recurring payments, while invoice finance is repaid when the SMB’s customer pays the invoice.

To reflect that programmatically, perform these steps every time a repayment is made:
On this page, we focus on general lending and provide additional details on automating the process for invoice finance providers.

## Record repayment

To reflect loan repayments programmatically, perform these steps every time a repayment is made:

1. [Create a transfer](/lending/guides/loan-writeback/record-general-loan#create-transfer) from the borrower's bank account to the lender's for each repayment.

Expand All @@ -25,9 +27,7 @@ This means you need to create a transfer of £320 to represent the payment, a di

:::info Repay on your terms

Our example demonstrates how to record loan repayments with terms that include monthly payments covering both drawdown and fees.
To separate repayments from fee or interest payments, include a transfer from the borrower’s account to the lender’s account that equals the amount of fees or interest.
Then, create the associated direct cost to register the fees and/or interest.
Our example shows how to record loan repayments with monthly payments covering both drawdown and fees. To separate repayments from fee or interest payments, include a transfer from the borrower’s account to the lender’s account that equals the amount of fees or interest. Then, create the associated direct cost to register the fees and/or interest.

:::

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At the end of this 3-stage process, your borrower will have the loan writeback reflected correctly in their accounting software. This saves them time on reconciliation and makes sure they (and you!) have clarity on the state of the loan.

## Automate invoice finance repayment
## Invoice finance repayments

Certain accounting software providers offer webhook notifications to alert you about changes to invoices in the SMB’s accounts.
By subscribing to these notifications, you can automatically trigger repayments once the customer pays the SMB.
Some accounting software providers offer webhook notifications that alert you about changes to invoices in the SMB’s accounts. By subscribing to these notifications, you can automatically trigger repayments once the customer pays the SMB.

To enhance your repayment automation, check out the supported webhooks from [Xero](https://developer.xero.com/documentation/guides/webhooks/overview/) and [Intuit](https://developer.intuit.com/app/developer/qbo/docs/develop/webhooks).

Some accounting software providers support webhook notifications to get notified about changes to invoices in the SMB's accounts.
This means you can subscribe to these and automatically trigger the repayment once the customer has paid the SMB.

:::tip Recap
In this guide, you have learned:
* What is loan writeback and what it's used for.
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5 changes: 2 additions & 3 deletions docs/lending/overview.md
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Expand Up @@ -141,10 +141,9 @@ Our Lending API empowers you with a host of features to help you streamline your

## Build with client libraries

Use our [comprehensive SDKs](/get-started/libraries) to kick-start and simplify your developers' journey automating the collection of your customers' financial data and making an assessment of a small business's financial health and performance.
The SDKs come in multiple languages and provide sample requests and responses for the full range of lending and underwriting scenarios.
Use our [comprehensive SDKs](/get-started/libraries) to kickstart and simplify your developers' journey automating the collection of your customers' financial data and making an assessment of a small business's financial health and performance.

Our Lending SDK provides all the necessary methods to build your solution, enabling you to develop everything from a merchant capital product to loan writeback with just a single SDK.
Our Lending SDK comes in multiple languages and provides all the necessary methods to build your solution, enabling you to develop everything from a merchant capital product to loan writeback with just a single SDK.

<ClientLibraries productName={"lending"} />

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