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CommonGoals Software
intuitive...insightful...innovative
software solutions
  • Home
  • TEA (The Exceptional Assistant)
    • Core Modules
      • Client Module
      • Loan Module
      • Project Module
      • Reporting Module
    • Add-On Modules
    • FAQ
    • Product Demos
  • SERVICES
  • TRAINING
    • Training Options
    • Training Schedules
  • SUPPORT
    • Support Options
    • Open a Support Ticket
    • TEA Knowledge Base
  • ABOUT US
    • Our Company
    • Our Customers
    • Events
    • Investors
    • Careers at CGS
    • Our Policies
  • CONTACT US

Loan Module

Home TEA Loan Module

TEA 10 provides one of the most superior loan servicing modules available. The module provides complete flexibility for users to create lending products, supports all standard interest calculation methods, the ability to schedule any irregular or non-traditional financing deals, multi-fund disbursements, closing costs, disbursement schedules, syndication (participation lending), collateral and much more.

The module is tightly integrated to our transaction processing which provides seamless automation for posting advances, transactions, invoice creation, electronic funds transfer (ACH) and is the core area for those in accounting and finance.

Other key functionality includes:


  • Customizable Loan Pipeline

  • Unlimited, custom Loan Products

  • Customized Risk Rating and Loan Loss Reserve Calculations

  • Historical Terms and Interest Rates

  • Multiple Funding Sources on a single loan

  • Flexible Amortization Schedule creation to virtually front-end any deal structure

  • Supports Term, LOC, Equity, Guarantee, Lease and Mortgage Lending types

  • Detailed Collateral Tracking including Asset Details, Depreciation, Prior Encumbrances, Insurance Information, LTV calculations and more

  • Track Loan Covenants with our Task Template feature

  • Sophisticated transactional capacity allowing for the customization of fees, payment allocations, adjustments, fund transfers, auto-post of ACH payments and more

  • Supports the management of Escrow for insurance and taxes

  • Incorporates Metro2 Credit Reporting to all three credit bureaus

  • Provides unlimited performance indicator and outcome tracking with longitudinal analysis

  • Detailed Cashflow Management and Projections

  • Invoicing, Billing and Statements

  • Loan Document Creation and Merge Letter capacity

Discover TEA

  • TEA Overview
    • Client Module
    • Project Module
    • Loan Module
    • Reporting
  • Add-On Modules
    • Online Client & Staff Portal
    • Online Application Portal

What our customers are saying

  • We have dealt with CommonGoals Software for 15 years. They have provided TEA software for the CBDC Network. Both the software and their support services have been excellent and allowed our network to streamline processes, reporting to stakeholders and centralize all client services in one efficient database. Additionally, CGS has provided custom development services creating an integrated website for all stakeholder reporting required for the program.

    Brian LeBlanc
    Atlantic Association of CBDCs
  • TEA has been the backbone of our organization for client services and lending activity for a decade. It creates efficiency for the majority of the processes we require and has provided all the required management and funder reports for our operations.

    Mike Wilcocks
    Tecumseh Development Corporation
  • TEA greatly streamlines many processes for our team, especially for those who are working remotely. In addition, the TEA Support Team has provided us with extraordinary support and is always a pleasure to deal with.

    Clint Gwin
    President, Pathway Lending (CDFI)
  • TEA has been extremely helpful in producing our reporting requirements to our funders.  It greatly saves us time and the reports are customizable to provide exactly what we need.

    John Mercola
    Business Development Corporation
  • I have been a strong supporter of TEA within the CF family of organizations. I find it is a very useful tool and the CGS team is always very helpful and quick to resolve issues as they may arise. TEA has streamlined our organization’s data management immensely in the past 5 years and I see CGS as our partner in data management solutions; developing resources that create efficiencies.

    Vickie Newmeyer
    GM, Community Futures Meridian Region

Contact Info

  • CommonGoals Software
  • 193 Water St. West, Suite 301 Prescott, ON Canada K0E 1T0
  • 800-354-5152
  • sales@commongoals.com

Company Info

CommonGoals Software is a software development company that develops and sells custom software solutions and related services to community-focused, government and non-traditional lending agencies across North America.

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