Program files (exe's and dll's), which is considered the main install can be setup on a Server or the Local Machine.

The Install program asks you where to install the program files.

Once the program is installed and run for the first time on any machine it will ask you for the data file location.  This will either be in the \Data folder under the LoanMgr directory on the Server.

If you are running on a local machine than the data will be installed on your local computer program folder as required by the operating system XP/Vista/Windows7