Known-party private loans
Make the loan clear before money moves.
Use terms approved by counsel and tax professionals to coordinate authority, signing, and exact funding—then keep scheduled payments, exceptions, and payoff evidence visible.
Connect principal funding to the payments that follow.
Approval, signature, authorization, sending, receipt, amounts due, exceptions, and payoff each have a separate status.
- Approved terms and authority
Approve the transaction
Known parties and their professionals approve the note, capacity, disclosures, consents, rate treatment, authority, and transaction-specific requirements.
- Immutable signed note
Sign the approved note
Add the exact note approved by counsel and tax professionals, required approvals, disclosures, and permitted signatures. Termn does not draft or interpret them.
- Funding reconciled
Prove what funded
Separate authorization, initiation, provider status, and receipt. A bank connection or borrower acknowledgement alone never proves that funds moved.
- Payment schedule and exceptions
Track what is due
Keep scheduled payments and payoff visible, attach payment support, and surface mismatches. Collection and legal conclusions remain with the responsible parties and professionals.
- Payoff or escalation record
Close or escalate
Add a dated payoff, amendment, forgiveness, missed payment, dispute, or professional escalation. Prior versions remain available.
Funding opens the repayment stage.
The same workspace carries the loan from reconciled principal through scheduled payments and payoff.
Sign and fund
A sender report marks funding for review. The loan becomes funded after an authorized match with accepted bank or provider documentation.
Completion gate: exact principal receipt reconciledPay back the loan
The borrower records an approved payment as sent. Only exact lender or administrator reconciliation completes repayment or payoff.
Completion gate: repayment or payoff receipt reconciledTermn provides administrative workflow software.
Termn does not choose terms, determine creditworthiness, match parties, custody funds, collect payments, declare default, perfect collateral, or provide legal, tax, fiduciary, credit, or collection advice.
Start from current primary materials
The IRS publishes Applicable Federal Rates monthly for federal tax purposes. A qualified professional must decide which rate and treatment apply.
The CFPB's current Regulation Z materials describe federal consumer-credit coverage and requirements. Applicability depends on the actual parties, purpose, frequency, terms, collateral, and other facts.
Private loans before you begin.
Does Termn make or approve the loan?
No. Termn does not lend, broker, underwrite, match parties, select terms, determine creditworthiness, draft the note, choose a rate, or decide that a transaction is lawful or enforceable.
Can a trust lend money to a beneficiary?
That is a transaction-specific legal, tax, and fiduciary question. Trust counsel must approve trustee authority, conflicts, beneficiary fairness, consents, security, and loan-versus-distribution treatment before Termn coordinates administrative work.
Does Termn recommend the Applicable Federal Rate?
No. The IRS publishes AFRs monthly for federal tax purposes. Termn may link to the dated primary source, but a qualified tax professional must select and approve the rate and treatment for the actual transaction.
Does Termn collect payments or service the loan?
No. Termn provides a self-directed workflow and evidence record. It does not debit borrowers, receive loan proceeds, collect debt, send collection demands, declare default, add late fees, accelerate balances, or decide how a payment should be applied.
What happens after the loan is signed and funded?
The loan stays in the dashboard through scheduled payments and payoff. A borrower can record an approved payment as sent, but it is complete only after the lender or administrator reconciles exact receipt using accepted evidence. The completed record remains available afterward.
Are mortgages or secured loans supported?
No. Termn does not support a dwelling, mortgage, deed of trust, lien, UCC filing, guarantee, collateral, perfection, foreclosure, or repossession. Consult qualified professionals about services for those transactions.
What does an accepted private-loan project cost?
An accepted private-loan project uses a $149 Project Pass. The price does not vary with principal or interest. Termn opens checkout only after confirming it can support the transaction.
Check the transaction before requesting a workspace.
The free check gives a next step before asking for an email. Eligible results can continue to transaction review.