# Trigger the loan payout for a business fronting loan application

Triggers the loan payout process to the respective business account. You must add the  in the request body, which is a Solaris account, from which the loan amount is transferred to the business's account.

Endpoint: POST /v1/businesses/{business_id}/fronting_loan_applications/{application_id}/payout
Version: 1.0

## Path parameters:

  - `business_id` (string, required)
    The ID of the business applying for a fronting loan.

  - `application_id` (string, required)
    The ID of the business fronting loan application.

## Request fields (application/json):

  - `settlement_account_iban` (string, required)
    The Solaris settlement account from which the loan amount is transferred to the business's account.
    Example: "DE07110101014503906016"

## Response 201 fields (application/json):

  - `id` (string, required)
    The unique ID of a business fronting loan.
    Example: "13651d2f3a274e768ec6d45b036e0f14bflo"

  - `application_id` (string, required)
    The unique ID of the business fronting loan application.
    Example: "89d4eaaa73ec4a73a0b9d40fb5d9da9cbfla"

  - `agio` (number, required)
    The credit commission amount.

  - `duration` (integer, required)
    The number of months over which the loan will be repaid.
    Example: 24

  - `recipient_iban` (string, required)
    The IBAN of the loan's recipient, to which the loan will be paid out.
    Example: "DE92370601930002130041"

  - `recipient_name` (string, required)
    The name of the loan recipient.
    Example: "Max Mustermann"

  - `effective_interest_rate` (number, required)
    The effective annual interest rate applied to the loan.
    Example: 0.309

  - `nominal_interest_rate` (number, required)
    The nominal interest rate applied to the loan.
    Example: 0.299

  - `amount` (object, required)
    The loan amount.
    Example: {"currency":"EUR","unit":"cents","value":1000}

  - `amount.value` (integer, required)
    The amount value
    Example: 1000

  - `amount.currency` (string, required)
    The currency of the given value. Only EURO is currently supported.
    Example: "EUR"

  - `amount.unit` (string, required)
    The unit of the given value.
    Enum: "cents"

  - `collateral_account_iban` (string, required)
    Your Solaris prefund account from which the full loan amount (agio + net loan amount) must be transferred to Solaris' settlement account.
    Example: "DE85110101014480677574"

  - `collection_account_iban` (string, required)
    Your account to which the agio is transferred.
    Example: "DE87110101001000057123"

  - `settlement_account_iban` (string, required)
    The Solaris settlement account from which the loan amount is transferred to the business's account.
    Example: "DE07110101014503906016"

  - `status` (string, required)
    The status of the business fronting loan.
    Enum: "payout_pending", "payout_issued"

  - `status_reason` (string,null)
    The status reason of the business fronting loan.
    Enum: "closed", "terminated"

## Response 400 fields (application/json):

  - `code` (string)
    Example: "build_pagination_headers_failure"

  - `detail` (string)
    Example: "Cannot connect to database."

  - `id` (string)
    Example: "a95f2aaf-4e0c-4d49-8021-8a16a884ed86"

  - `status` (string)
    Example: "400"

  - `title` (string)
    Example: "Failed to build pagination headers."

## Response 403 fields (application/json):

  - `code` (string)
    Example: "unauthorized_action"

  - `detail` (string)
    Example: "Unauthorized action is not allowed."

  - `id` (string)
    Example: "a95f2aaf-4e0c-4d49-8021-8a16a884ed86"

  - `status` (string)
    Example: "403"

  - `title` (string)
    Example: "Unauthorized Action"

## Response 404 fields (application/json):

  - `code` (string)
    Example: "model_not_found"

  - `detail` (string)
    Example: "Couldn't find 'Account' for id 'DE24112233445566'."

  - `id` (string)
    Example: "a95f2aaf-4e0c-4d49-8021-8a16a884ed86"

  - `status` (string)
    Example: "404"

  - `title` (string)
    Example: "Model Not Found"