Loans
Loan Disbursements
A loan disbursement moves funds from a loan object to a Column bank account object. When a disbursement is made, the principal_balance and retained_principal_balance on the loan object will increase, and the available_balance on the bank account will increase by the same amount. After a disbursement, the funds added to the bank account can be used just like any other funds for transfers.
Offline Disbursements
After a loan is partially or fully sold to your platform, you may adjust the principal receivables owned by your platform in your own loan management system outside of Column. To sync such offline adjustments to Column, you can create a disbursement with the is_offline flag set to true. This will only increase the principal receivables sold to your platform and not impact the retained principal receivables. No funds will be credited to the bank account.
Note
The bank account specified in disbursements must be a Column bank account. This allows Column to automatically handle tricky situations, such as returns and chargebacks. To transfer funds from a loan to an external bank account, funds must first be disbursed to a Column account, and then transferred to an external counterparty via ACH, Wire, Check, or Realtime transfer.