Loan software for small business
Loan management software for small business lenders
LoanTabs is loan software for small business lenders who have outgrown spreadsheets. Set up quickly, run loans with a one-person or five-person team, print receipts and statements, and see your whole loan book without a finance department.
30-day free trial, no credit card required. Last updated .
What is loan management software for a small business?
Loan management software for a small business is a simple online system that lets a small lender record loans, calculate interest, track repayments, print receipts and see the portfolio, without an IT team. It replaces spreadsheets and notebooks with one accurate record. LoanTabs is built for small lenders and starts with a 30-day free trial.
"Small business" can mean two things here, and LoanTabs serves the first. The first is a small business whose product is lending: a money lender, a small finance company, a savings group or a lending desk inside another business. The second is a small business that wants to borrow. LoanTabs is for the lender managing the loans, not for the business applying for one.
Small lenders share a set of problems: one or two people doing everything, no time for setup, a loan book that lives in a spreadsheet, and a fear of a formula error costing real money. Good loan software for small business fixes those without adding complexity.
Why small lenders outgrow spreadsheets
None of these is a reason to panic. Together they are the reason most lenders eventually switch.
Every payment means recalculating balances and interest by hand
LoanTabs builds the repayment schedule from the loan product and updates balances as payments are recorded, using the interest method you chose.
You cannot easily see who is late
A delinquency worklist and aging report list overdue loans, and a daily collection sheet shows what to chase, with borrower phone numbers.
Borrowers dispute balances and you cannot prove yours
Every loan keeps a full history, and you can print PDF receipts and loan statements to show exactly what was paid and owed.
One mistyped formula quietly corrupts the book
Calculations live in the system, not in cells you can overwrite, and edits and reversals are recorded.
Your accounts are a separate spreadsheet
Loans, payments, expenses and other income post to a double-entry ledger, with profit and loss and balance sheet reports.
You are the only person who understands the file
Staff sign in with roles and permissions, so someone else can take over a task without holding the whole book in their head.
What small lenders get with LoanTabs
Everything here is included on the plans a small lender would choose.
How much does loan software for a small business cost?
Every LoanTabs plan starts with a 30-day free trial and no credit card. After the trial, the Pro plan for a single lender or loan officer starts from $9.99 per month on annual billing (a promotional rate), and Corporate adds five user seats. The pricing page shows monthly and annual prices, the renewal rates and exactly what each plan includes.
Judge the cost against the alternative. A spreadsheet is free, but it costs staff time every day, and one wrong balance can cost more than a year of subscription. The right question is whether the software saves more time and prevents more errors than it costs.
One thing to plan for: some capabilities are outside the standard plans. SACCO member savings, share capital, dividends and payroll are delivered as custom implementations, so if you need those, see the SACCO page and talk to sales.
Move from spreadsheets to LoanTabs in four steps
- Step 1
Start the free trial
No credit card. You get full access for 30 days.
- Step 2
Create your loan product
Choose the interest method, fees, term limits and repayment frequency you actually use.
- Step 3
Import your loans
Upload borrowers, loans and payments from the Excel starter template and fix any rows flagged.
- Step 4
Record the next payment in LoanTabs
From here on, new loans and payments go in the system, and reports build themselves.
Checklist: is this loan software right for a small lender?
- You lend money as a business and need to track individual loans and repayments.
- You want a monthly or annual subscription rather than buying software and servers.
- You want reports (portfolio at risk, aging, income) without building them yourself.
- You are comfortable working online. LoanTabs needs an internet connection and has no offline mode.
- You do not need borrowers to apply for loans themselves. Staff enter applications today; a borrower self-service portal is planned but not available yet.
Loan software for small business: common questions
What is the best loan management software for a small business?
It is the one that fits your loan products and team size and that you can test on your own loans. For a small lender that means configurable products, a small-team workflow, receipts, accounting and reports. LoanTabs is designed for this, with a 30-day free trial.
Can one person use LoanTabs?
Yes. The Pro plan is one branch and one user seat, and an admin can create and disburse a loan in one step, which suits a solo lender.
Is there free loan management software for small business?
LoanTabs is not free, but every plan includes a 30-day free trial with full access. Free spreadsheet templates exist, but they lack schedules, roles and audit trails.
Can I import my existing loans?
Yes. Use the free Excel starter template to import borrowers, loans and payments, or import borrowers by CSV.
Does LoanTabs work for loans to businesses?
Yes. A borrower can be a person or a business, so you can lend to small businesses and record their loans, guarantors and collateral.
Keep exploring
- Loan management softwareThe LoanTabs overview: what it does, who it is for and what it costs.
- Online loan management systemRun your loan book from any browser, with nothing to install.
- Loan software guideThe types of loan software, what each does and how to choose.
- Lending software and lending management systemsWhat a lending management system covers, end to end.
- Online loan application softwareTake and process loan applications online, from intake to disbursement.
- Loan management solutionSoftware, setup, migration, training and support in one solution.
- Loan origination and servicingApplications, approvals, disbursement, repayments and statements.
- Loan accounting softwareDouble-entry ledger posted from every loan and payment.
Run your small lending business on LoanTabs
Start a 30-day free trial and move your first loans across from Excel this week.