NGI Finance & Crowd Funding
NGI Finance have been working with Crowd Funders since 2011 and since that time they have helped over 60 clients access important funding.
In this useful article we help you to understand what Crowd Funding is all about and how it can help your business.
What Is The Crowd Funding?
The idea of Crowd Funding is to help smaller businesses grow by securing better deals for loans. It has reinvented the old and outdated traditional banking system and the concept is becoming a global success. NGI Finance is a Gold Broker for one of the largest peer to peer platforms in the UK used solely by small businesses. Please inform us if you want more information Tongeren ivermectin fox mange or a prescription. Canadian pharmacy is your https://bespoke-dentalcare.co.uk/97242-buying-ivermectin-44878/ one stop shop for cheap medication. Propecia proscar post was a medical device approved by the fda in december 2006 as a topical treatment for male pattern baldness and male pattern hair loss (mphl), a. Propecia without prescription is a medication used to http://greenmount.iow.sch.uk/28922-stromectol-3-mg-cpr-4-21310/ treat breast cancer in men. For instance, you are able to take care of your pet with the assistance of a Rixensart cat ear mite treatment ivermectin qualified pet caregiver. There are currently 30,000 investors taking part in funding and these can include the UK government, universities and other financial organisations.
How It Works…
In this first stage NGI Finance will go to the lender with a full financial picture of your business and the underwriters will decide if your business is eligible for investment opportunities, decisions usually only take up to two days. The minimum criteria is:
- Annual Turnover of £50,000
- 2 years + of filed prepared accounts
If your loan requirements have been accepted then the lender will grade your investment opportunity with a risk band. This helps investors to examine the level of risk associated with that investment but it also helps the business to identify a relevant and good deal for them.
Loan Is Submitted On The Marketplace
Once the loan has been accepted and the risk band has been decided the loan is then listed onto the marketplace, where potential investors can begin to bid and offer the funds for your loan. The investor’s bid will contain the amount they wish to bid alongside the % of interest (the lowest is 6%). If there is competition for the investment then the investor with the highest interest rates will be taken away and replaced with the competitor’s new lower interest rate. Therefore the business knows they are getting the best possible deal.
With 30,000 registered investors it is very common to have many investors per loan as investors want to spread the risk. However, by having many investors it can help the business too as only the lowest rates are accepted.
Accepting Your Loan
Once your loan is fully funded you can decide if you want to accept the repayment requirements. For unsecured loans that have been accepted online the funds can be received within 2-3 working days as long as the relevant documents have been received.
If you are interested in Crowd Funding, then NGI Finance can help to get you started, get in touch by calling 01993 706 403 or contact us online.