Peer To Peer Lending A New Way Of Getting Business Loans
The first peer to peer lender we like to introduce is Bitbond
What is Bitbond?
Bitbond is a marketplace for investors and business owners in need of capital. If you own a business or have experience in a field and are in need of start up capital for a business, Bitbond might just be for you. This platform will also allow you to invest in businesses and as long as the loan is repaid, you can reap the benefits. However, there are mixed reviews on the web about this company. This is because there are investors that have lost money. One key fact to remember is Bitbond is a platform that only allows investors and business owners to connect. I will be discussing some important information that you need to know if you do plan to invest or borrow from a peer to peer platform like this one.
Investors let’s get down to business
This system is very different than the lenders that we normally deal with. Here, the investor bears all of the risk and the benefit. I have read on different sites how some hate it and others love it. The individuals that are not pleased with the results are normally investors that have lost money. This can happen regardless of the investment that you chose to put your money in. Investing in a company with little knowledge in the industry, their operation or what they need the money can lead to disappointment. Like any investment, we believe that if you put your money in any asset as an investor you must understand the asset. Business lending can be complicated and unpredictable. For this reason many lenders and institutions find it hard to assess this risk. If Bitbond is a platform that you would like to use, take the approach that many institutional investors take to lower your risk. Start by studying the market on a global scale, looking for potential fallbacks, understanding the need for this product and finally looking for any obvious red flags. Just look at our list of documents that the SBA requires to do a business loans. Use some of the key indicators they use to make guarantee decisions.
bitbond bitcoin lending
Can I Borrow to Start My Business?
If you are seeking investors to lend you money in a peer to peer platform you might find this information useful. This can help startups and established businesses. Understand that when you are borrowing money it comes at a cost. The more money your business borrows the more interest you will have to pay back. Becoming a responsible borrower in any situation is very important for your business and yourself. An important question to ask yourself when looking to borrow is how much more money can we make if we get financing? Do not speculate. Stick to facts and a having a conservative approach when you borrow. The platform that you use will charge fees and investors expect a good return on their money. Remember, you are seeking funds from this platform because traditional banks are not particularly interested in giving you a loan. They either do not understand the risk or your business just does not fit their lending criteria. It is great to know that these types of platforms exist; it allows individuals to act as lenders. Bitbond also gives fast inventory loans up to 25000 specially if you have a ecommerce store or if you are an amazon seller.
bitbond small business loans
The good news is
that this can pave the way for more products and services that we can take advantage of in the future. We just need to be wise and make sure we understand what we are doing to make sure peer to peer platforms such as Bitbond will succeed. This concept may be difficult to grasp since it is a new way to obtain business lending. Only time will tell if this will be a part of the financial evolution that we are experiencing as a society. Here at Business Power Partner we wish everyone success. Please know that we are not responsible for any loss of capital. We are just supplying information to our site visitors. Feel free to share with us what you think and if you would like us to touch base on any other financial subjects.
Additional information below
Bitbond offers financing in many countries and it is exciting that they are able to use Bitcoin as a currency. For those of you that do not know what Bitcoin is we will be covering it along with other cryptocurrencies.
Bitcoin = Electronic Currency
Radoslav Albrecht, founder and CEO:
“Bitbond has always endeavoured to make financing available to SMEs around the globe. Small business owners typically find it tough to get quick and affordable financing from banks and traditional financial institutions. In conjunction with the SME Finance Forum, we are looking to expand our network of partners to reach even more borrowers in emerging markets.”
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https://businesspowerpartner.com/bitbond/
