TrakLoan 1.1.3

TrakLoan 1.1.3 Editors Comment

TrakLoan is a loan management system designed specifically for local and regional development companies

TrakLoan 1.1.3 Tag

TrakLoan 1.1.3 Description

TrakLoan is a loan management system designed specifically for local and regional development companies that make loans to local businesses and borrow, in turn, from government or other agencies. The system was developed and tested over a two-year period by Peak InfoSystems, Inc. at Pikes Peak Regional Development Company in Colorado Springs, Colorado.
TrakLoan maintains a database of accounts, loan types, and a journal of payments and disbursements.
The TrakLoan operator enters payments or disbursements into the journal as they are made at various times during the month or other fiscal period.
TrakLoan is a software that maintains a database of accounts and a journal of payments.
Posting also produces a summation of totals for each loan type of interest accrued, interest paid, principal paid, current loan balance and unpaid interest.
The journal is erased after posting and made ready for the next fiscal period's entries.

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