Right through the use of this Bitbond review, you would be able to borrow the amount of about $25,000, to fund your small business. It is much easy to apply for it. Bitbond is free and usually comes around with no obligation or credit inquiry. Mostly it does happen that Bitbond would be reviewing your application by getting along with the connected business accounts with business such as Amazon or the PayPal. The process will overall assist them to let know about the risk rating terms and conditions.
How Are Bitbond Small Business Loans Unique?
Bitbond business loans are mainly known as the peer to peer, a lender, offering some of the unique ways of taking the funds. These funds would at the end be helping you to increase your business improvement inside the marketplaces. You can get such kind of money by submitting your application through Bitbond. Investors from all over the world will review your application and business profile to understand your business and whether you should be getting a loan or not. Bitbond loans can be in the form of bitcoins, or fiat currencies like the US dollars, euros or Kenyan shillings.
What To Know About Bitbond Small Business Loans?
In this Bitbond review we shall discuss how Bitbond has come up with the introduction of the business concepts of funds for the investors and borrowers. Right through this fun process, they can get small business loans that range from $1,000 to $25,000. Repaying conditions of the loan is about from the duration of 6 weeks to 36 months. You can decide whether you want to make use of the money for buying inventory, expand marketing, invest in equipment, hire a staff and much more to go.
Benefits of Bitbond Small business loans
- Through the Bitbond P2P lending or small business loans, you would be getting the amount from the investors. You can get the funds from the investors from all over the world.
- They are all attached with the fewer and yet the transparent fees. Bitbond does favor making the use of the bitcoin blockchain for the sake of the payment processing. This would be helping you to avoid wire transfer and also the exchange fees. It might result in a lower-than-average fee and interest rates.
- You do not need to have any bank accounts. This is the reason that Bitbond does not have any bank account. They do offer the funds to the small businesses even in underserved regions.
- It does not involve any credit card checking modes. Loans do not need to be featured with minimum credit score and will not be showing any effect on your credit.
Important Points To Remember with Bitbond business loans
While taking Bitbond business loans, you need to be alert and conscious. You should be checking one-time origination fee as well. According to the standard, you are supposed to pay the loan amount back along with a 1% to 3% of the total loan amount; that hence slightly lower than fees that are to be paid by competing companies. Bitbond does charge the borrowers with the less origination fee.
It would let the borrowers to get connected with eBay, PayPal, LinkedIn, Twitter and Facebook account to access creditworthiness. Typically the rate does depend on the loan which you have selected and also by the borrower rating. Bitbond performs much of their functions through the middleman. They do not directly provide funds to the borrower. They connect small business owners to funding sources.
Who is Eligible to Get Bitbond Loans?
Bitbond does consider so many factors; to offer the small business loans to their customers. They, first of all, check your business revenues. This would even let them learn that whether you are eligible for the loan or not. You do not have to provide with any audited financial statements or a minimum credit score. You just need to be careful when you are filling the borrower application that takes about 15 minutes to get finish off.
So without any delay, get connected with the Bitbond P2P lending now and get their premium services for small business loans right now!
If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!