Hi Diane12, 

Thanks for reaching you! Please see KB 34837 on How to input and pay back a bank loan / mortgage in Sage 50. I've pasted the contents of that KB below:

Resolution
Input a bank loan

1. Open General Journal window.
2. Debit bank account and credit bank loan liability account.
3. Click Post.

Pay back the bank loan

Method 1: Using the Payment Journal

1. Open Payment Journal.
2. Select Make Other Payment.
3. Select vendor or create a one time vendor for the loan issuer.
4. Select the bank loan liability in Acct column.
5. Input the loan amount under Amount column.
6. Select the interest expense account in the next line of the Acct column.
7. Input the interest amount under the Amount column.
8. Click Post or Process.

Method 2: Using the General Journal

1. Open General Journal window.
2. Credit bank account then debit bank loan liability account.
3. Debit interest expense account if any. 
4. Check the date and click Post or Process.

Hope this helps!

Warm Regards, 
Erzsi

No this is not a bank loan. It’s an operating line. And I need to know how to enter it. No funds used yet. 

This is the question 

Company negotiated a $20,000 operating line with BNS. Interest will be charged at 4% per annum and the loan covenants limit the amount of the operating line to 60% of good receivables (accounts less than 60 days old). No money is advanced at this time.