Rustler
Level 15

Talk about your business

create the fixed asset structure in the chart of account you want  to use, then create the associated liability accounts, all with zero starting balance

get the current loan balance, journal entry, debit fixed asset and credit the loan liability

the difference between the book vale per fixed asset in the old file, and the new balance you just created now can be entered, another journal entry, debit fixed asset, credit owner equity for that difference