What is NetLoan used for?

NetLoan is a Built for NetSuite SuiteApp that is 100% on the NetSuite platform. It can be used for both borrowers and lenders and handles the principal/interest breakout and automates the journal entries into the general ledger. We have clients that use it to manage the financing for fleets of vehicles and real estate holdings, and also have lenders use it for financed purchases large and small. Because it is natively built into NetSuite we can easily leverage all of the of the native features like workflows and reporting to sales orders and invoices. We recently have had several clients use it for consumer lending, where individuals on the sales floor can produce a quote from NetSuite/NetLoan for the monthly payments versus buy options.