Having to go to the banks to apply for a loan for your company is not an easy task, right? There are many demands, bureaucracies and high costs that discourage any entrepreneur, but have you heard of the credit marketplace? Well, this is a very interesting alternative for you to get credit for your business.
We know that, in most cases, if the entrepreneur uses a loan, it means that he needs help to solve a financial problem. Because of this, these platforms were created with the aim of making life easier for the entrepreneur, providing him with credit fast, safe and without bureaucracy.
Want to know how the credit marketplace works? Then continue reading this article until the end, as we will show you what are its main advantages. Check-out!
What is the credit marketplace?
You may have heard of the more traditional marketplaces, right? Those who sell clothes, shoes, furniture and everything you can imagine, right? The credit marketplace works in the same way, but instead of selling products, it makes credit available to entrepreneurs looking for a loan.
Through it, the entrepreneur is able to access his credit more quickly and effectively, ensuring the financial security of his company, as he will not need to undergo a long credit analysis – which in traditional banks usually takes days to be approved.
That way, you can solve your problem once and for all, without jeopardizing the good development of your business.
What is it for and how does it work?
In short, the credit marketplace aims to connect companies that want to grow with investors who want to legend. By removing the complexity of dealing with other creditors, organizations can access finance in less than fifteen days and investors have the potential to earn better returns by lending to them.
To make the loan, you need to register your company and then apply for credit. On some platforms, approval is published on the marketplace.
That done, investors analyze the situation of your business and decide whether or not to lend the money to you. When the amount reaches 100% of the requested funding, the money is deposited in the company’s account. Finally, the entrepreneur pays the monthly installments of the loan according to the agreed terms and fees. The investor, on the other hand, receives his monthly payments according to the combined profitability.
What needs does it meet and what are its differentials?
Although the credit marketplace is still gaining momentum in the country, it is important to understand what they offer and what their differentials are in order not to be dependent on banks. Platforms usually offer the following alternatives:
- credit for micro, small, medium and large companies;
- anticipation of receivables;
- factoring credit;
- excellent investment opportunities;
- insurance, credit card and other financial services.
For what reasons do you need to meet him?
Below, we list the main reasons why you need to know the credit marketplace. At this point, we chose to use the platform as an example, in order to make it as clear as possible how a marketplace can benefit your business. Follow!
1. Enables simulations
The simulation is important for you to understand what will be charged when paying the loan. To do it is very simple: just find the button “do a simulation” and choose the type of concession you would like to make, enter the amount you want to finance, choose the amount of installments and inform how much your company has invoiced in the last few 12 months.
Once this is done, the simulator will provide the value of the installments and what will be the percentages of the effective and interest rates.
2. Help you choose credit
As the marketplace offers the opportunity to the entrepreneur to simulate his loan, consequently, the platform facilitates decision making, making the choice of credit to be made consciously, without compromising the company’s budget.
As you can see, the goal of the marketplace will always be to help companies, not to incite the entrepreneur to pay for a commitment that could harm him in the future.
3. Fairer rates
Another objective of the credit marketplace is to offer its customers lower costs and great opportunities to leverage business. With that in mind, they offer fairer rates when compared to traditional banks, making the alternatives much more attractive for those who need to take out a loan.
If you are still unsure about this issue, make a comparison. Through it, it will be possible to see how beneficial it will be for a company to apply for a loan in a marketplace.
4. Access to credit made easy
As we mentioned, in a credit marketplace it is investors who lend money to companies, so that they can improve their development. Thus, the bank’s participation no longer makes sense, and therefore, access to credit is facilitated, as the entire bureaucratic process is reduced, providing the entrepreneur with greater convenience when making his request.
Since it is not necessary for him to go to an institution, just access the platform to complete his final objective.
Transparency is an indispensable feature in any negotiation, which is why the credit marketplace prioritizes it, as they need to earn the trust of their customers to enable them to raise funds.
In this sense, it is always important, when accessing the platform, to look for social evidence, that is, testimonials from customers who have already had experience with the tool. In addition, it is necessary that the processes are clear, in order not to give the person a chance to have two interpretations of the guidelines.
What care should be taken?
The most important thing before choosing the credit marketplace is to know the company’s reputation. Therefore, it needs to be transparent and always think about the user’s experience, offering him clear and objective information, in addition to being available to answer any doubts that will surely arise during the process.
The credit marketplace has revolutionized the financial market, not only because of the technology it offers, but also because it offers new opportunities to its customers so that it is possible to leverage business and improve the quality of life.
If this is what you are looking for for your business, contact us to learn more about the features of our platform.