How Do I Fund a Loan?
Understand how loan funding works with ZimpleMoney and how lenders deliver money, assets, or services directly to borrowers.
ZimpleMoney handles loan management, loan tracking, and payments— it does not transfer or hold loan funds.
Funding a loan is handled directly between lender and borrower.
Important: In many states, the act of funding a loan is considered an escrow service and is regulated by state law. ZimpleMoney does not perform this function.
Once your loan contract is set up in ZimpleMoney, the lender (payee) delivers the money, service, or asset directly to the borrower (payer) using any method:
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Personal check
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Cash
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Wire transfer
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Any bank payment tool