---
title: "Renewing or Returning an Asset Loan"
canonical: "https://kb.uconn.edu/space/FPB/10890772815/Renewing%20or%20Returning%20an%20Asset%20Loan"
format: markdown
---
Faculty and staff can either renew an existing asset loan or return an asset loan through Kuali Financials (KFS).  

1. <span style="color: #000000">Search for your asset on the </span><span style="color: #000000">**Asset Lookup**</span><span style="color: #000000"> page. </span>
2. <span style="color: #000000">From the </span><span style="color: #000000">**Actions**</span><span style="color: #000000"> column of the </span><span style="color: #000000">**Asset Lookup Search Results**</span><span style="color: #000000"> table, click on either the </span><span style="color: #000000">**renew**</span><span style="color: #000000"> or the </span><span style="color: #000000">**return**</span><span style="color: #000000"> link.</span>
3. For Equipment Loan Renewals,
  1. Complete the **Description** field.
  2. Update the **Expected Return Date**.  
> Macro (inline-media-image)
4. For Equipment Loan Returns,
  1. Complete the **Description** field.
  2. Update the **Loan Return Date**.   
> Macro (inline-media-image)
5. Click **Submit **when you are finished. For approval, the document will route to the following entities:
  1. Fiscal Officer on Owner Account
  2. Borrower (if the borrower did not initiate the document)
  3. Inventory Control

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> Macro (contentbylabel)

> Macro (details)
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