Business Finance

Companies apply for a loan via TFGcrowd Marketplace, providing all the required documents for verification and evaluation of the company. Once the company has been evaluated, TFGcrowd Marketplace provides a quote and offers the terms on which the company can list their loan on the TFGcrowd Marketplace platform. If the company accepts the terms and the quote, an agreement to raise funding is signed and the loan is listed on the TFGcrowd Marketplace platform, giving verified investors the chance to invest in financing the loan for a set term and return. Loan agreements between each investor and the borrowing company are signed and funds from investors are transferred to the borrowing company. The borrowing company repays the loan with any accrued interest based on the repayment schedule agreed between the borrowing company and the investors.

TFGcrowd Marketplace advises for a typical fundraising campaign to be listed on the TFGcrowd Marketplace platform for 30 days, but many campaigns raise the necessary funds much sooner than that. An option to extend the fundraising campaign is also offered, at the borrowing company’s discretion, if the necessary funds have not been raised during the agreed fundraising period.

Businesses can borrow up to €250,000, subject to approval from TFGcrowd Marketplace, after it has carried out careful evaluation of the company’s financial indicators, creditworthiness checks and the collateral you can grant.

Typical loan periods range between 6 and 24 months, subject to approval from TFGcrowd Marketplace, after it has carried out careful evaluation of the company’s financial indicators, creditworthiness checks and the collateral you can grant.

Typical interest rates offered on the TFGcrowd Marketplace range between 16% and 36% per annum. The interest rate paid by your business is determined by a number of factors, such as length of the repayment period as well as potential risks involved and is subject to approval from TFGcrowd Marketplace, after it has carried out careful evaluation of your company’s financial indicators, creditworthiness checks and the collateral you can grant.

Yes, but restrictions apply. For example, we usually require a period of between 3 and 6 months of repayments from your previous loan before considering a second loan application. There are also limitations on the total outstanding liabilities undertaken by any one company through the TFGcrowd Marketplace platform.

Yes, you can repay your business loan in full at any time, but you will also have to pay all the agreed, unpaid interest for the whole duration of the loan.

Yes, only company director/directors, who are authorised signatories of the company can apply to raise funding for a business loan through TFGcrowd Marketplace. The director needs to complete both the verification process of the company and personal verification, as well as sign all the required documents.

An option to extend the fundraising campaign is offered, at the borrowing company’s discretion, if the necessary funds have not been raised during the agreed fundraising period. If the loan does not reach fully funded status during the extension period, businesses are offered the option to withdraw from the loan agreements by repaying any funds which they have already received back to investors or to proceed with the loan agreements that have been concluded.

Once you have accepted your loan contract and your loan has been listed on the TFGcrowd Marketplace, you won’t be able to cancel your loan funding request.