How do I get small business loans via Bitbond?
Register on our platform and confirm your email.
After sign up you will be directly redirected to your borrower application. Fill in all information thoroughly. Note that most information we ask for is mandatory. Your data is handled carefully and will not be passed to third parties. When you have submitted your application we will typically review it within 24 hours.
After we have completed your rating we will send you an email. When you get verified as a borrower you can get a loan up to your maximum debt capacity. Please note that before requesting a loan you have to verify your identity during a video call.
Go to 'Get a loan' to fill in the details of your loan request (base currency, term, requested amount, loan purpose and description). On the next screen you can check if all information is correct and publish your request. Note that your rating along with other relevant information will be visible to potential lenders. We will not disclose your identity as long as you make your payments on time. Once your loan request is published, you will not be able to edit it. You can cancel your loan request as long as it is not yet fully funded. Bids that have already been placed will be refunded to lenders. Note that every loan request you ever published will be visible on your public profile page.
When your loan gets funded we inform you by email. We credit the loan amount within 6 hours to your account and deduct the origination fee. The auction ends after 14 days in any case. If the funded amount exceeds 60% of your requested amount, your loan also gets originated and will be credited to your account.
Make sure you check your payment schedule regularly. One day prior to a payment due date we will also notify you by email to fund your account accordingly. Once you have funded your account, there is no need for you to take further action. The payment gets deducted from your account automatically.
If you want to repay your loan early, please follow these instructions.