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.
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.