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title: "Loan Disbursements"
canonical: "https://bizcore.refined.site/space/BCKB/1857880159/Loan%20Disbursements"
format: markdown
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> Macro (toc)

# **Overview**

When a loan status is marked as **Ready**, it indicates that the loan is eligible for disbursement. Biz Core offers three methods to complete a loan disbursement:

- ABA Disbursement
- Manual Disbursement
- PayID Disbursement

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# **ABA File Disbursements**

> ℹ️ ABA disbursement is enabled during onboarding. If it hasn't been set up for your account, please contact [support@bizcore.com.au](mailto:support@bizcore.com.au)

Biz Core's ABA file functionality streamlines the process by generating the necessary file format for each included loan advance. Users can upload the ABA File through a supported online banking portal and the funds will be transferred from your nominated credit account to each borrower's bank account that was input during the loan application process.

This method offers convenience for disbursing funds to multiple borrowers simultaneously, with funds typically arriving in Customer accounts within 24-48 hours.

For ABA File Disbursements to work, the **Include loans in Loan Disbursement Files?** toggle must be enabled on the loan product:

![image](media://fd6107d9-7af6-430d-89ba-61b0f36c306b)

During each loan application process, there is a Disbursement Method step. This reflects the bank account that the ABA File will authorise the transfer of funds to. By clicking the **Plus **:plus: icon the user can input the desired account to be included in the ABA File.

The user can choose existing bank account details already associated with the customer from the **Use an existing source** dropdown menu, or enter new ones before clicking **SAVE**:

![image](media://2138d4b4-8ca2-4adb-ba19-fb25a811ec1a)

![image](media://eefb8845-06e2-4f36-a46b-d7b87a830e90)

Once the application has been approved, and the loan status is **Ready**, the loan advance will appear in the ABA Disbursement File.

**Instructions on how ABA file disbursement can be found here:** [https://bizcore.refined.site/space/BCKB/3073671169/ABA+Disbursement](https://bizcore.refined.site/space/BCKB/3073671169/ABA+Disbursement) 

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# Manual Disbursements

Manual Disbursement allows users to pay out the loan funds to the borrower in cash or via bank transfer. 

Ensure the ‘Allow manual loan disbursements?’ toggle is enabled on loan products, to let users reflect any manual disbursements on the appropriate loan records inside the Biz Core portal:

![chrome-capture-2023-5-7.gif](media://252eb412-d0cf-4a4a-afdf-d36fe1242a05)

**Instructions on how to manually disburse can be found here: **[https://bizcore.refined.site/space/BCKB/3074981890/Manual+Disbursement](https://bizcore.refined.site/space/BCKB/3074981890/Manual+Disbursement) 

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# **PayID Disbursements**

> ℹ️ PayID needs to be enabled for the subscription to use this option. Please contact [support@bizcore.com.au](mailto:support@bizcore.com.au) for more information.

PayID will allow the instant disbursal of loan advances, allowing borrowers to receive funds almost instantly. The applicant needs to provide their PayID during the application process to be able to disburse funds with this option. 

The PayID types available are:

**Instructions on how to disburse via PayID can be found here:** [https://bizcore.refined.site/space/BCKB/3074555907/PayID+Disbursement](https://bizcore.refined.site/space/BCKB/3074555907/PayID+Disbursement) 

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