The Lifecycle Of A Loan
Loans have the same lifecycle as other contracts (e.g., pending start, active, pending stop). You should rarely have to manually change a loan contract's status. Why? Just like other contracts, the system changes the status behind-the-scenes when various events take place. For example, loans in the pending start state are automatically activated by a system background process.
If you need to manually change a loan contract's status (e.g., you need to cancel a loan that was inadvertently started), you can do so from Contract - Main.