LOC to-be — Tiered FR / Embedded Funding · grounded in Jira (ORG-17977 &c.)
v4.13
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Add to advance
typeon drawamountday
Regular payback & voluntary apply to the whole advance; draw payoff settles one chosen draw at its Outstanding Payoff. Regular payback also runs automatically each collection day — add extra here, or delete any on the ledger (✕). ORG-18068: a voluntary payment can only be distributed to a draw still inside Tier 1 (Funded Days ≤ 20) — past that the draw is on its fixed weekly schedule. Selective Payback and Draw Refinance are not supported for Tiered FR; Draw Payoff is unchanged.
amountactivation dayest-fee %paybacks start
ORG-18078:Paybacks Start Date = Date Funded + 1 weekday + Payment delay, and every date lands on a weekday — funding on a Friday or over a weekend rolls forward, it never collects on a Saturday. The collection day index runs 1, 2, 3… in weekdays from that start date — that is production’s own payment index. ⚠ It is NOT the axis the tiers or the early-payoff terms use: those are counted in CALENDAR days from the same start date (moved 2026-08-06). So the discount periods coincide with the payment periods in either setting.
typeamountday
Every fee is auto-payable, so one type — Default Fee — is enough; Monthly Fee charges are created by the model, not added here. A fee is collected after the draw: each collection pays the draw first and only the room left inside the weekly goes to fees, so the schedule extends past the draw's close until the fee is collected. Charges show on the ledger (deletable ✕).
TO-BE: Tiered FR / Embedded Funding. Same day-based matrix as the as-is (days down, day 1 = Mon → day 5 = Fri; Advance = the control column, Draws = derived; hover/click a chip; tap a Day or Outstanding cell for stats as of that day) — but the repayment model is different. What Embedded Funding changes vs the as-is:(1) Tiered factor rate — no single FR; draws repay on a fixed 4-tier weekly Original Schedule (calendar days 1–30 free, then FR 1.098 → 1.262 → 1.538 at calendar days 90/120/150; ROUNDUP), so the weekly amount steps up by tier. Each collection is charged per calendar day at its tier’s rate, so a collection whose week crosses a tier boundary is pro-rated — part one tier, part the next (B1). (2) Weekly-only collection. (3) Monthly Fee — % of a draw’s funded amount every 30 calendar days — constant for the draw’s life — and replaces the weekly fee. That basis is the owner’s rule of 2026-08-06 and is in no ticket and no code: ORG-17981 (QA) and LOC-core both use the draw’s outstanding funded, which is 60% cheaper over a full term, so the fee figures here are ahead of the spec — do not verify production with them. (4) Current Schedule — the panel below the ledger re-forecasts the remaining Account Paybacks from the tapped day. (5) Funded-side stats — paid-back-/outstanding-funded (principal) tracking. Distribution of regular / voluntary / payoff is unchanged from the as-is. Grounded in Jira: ORG-17977 / 17981 / 18004 / 18010 / 18013.