Taking into account its importance, today we want to treat calls as platforms between individuals .
As you can imagine, these websites and platforms are the ones that manage private loans in United States.
We will not see bank financing here but rather those credits signed between people.
The operation of these companies is very simple, being what we are going to see next.
It is also important not to confuse peer-to-peer platforms with private financial ones .
They are two completely different types of business.
Just like private equity finance companies, what they do is focus on loans with collateral, especially the platforms focus on companies.
When we talk about platforms between people, financial products such as crowdlending or crowdfunding generally come to mind.
It is through this financing where, above all, companies can obtain alternative financing.
Because these platforms are for this type of client for which they were created.
They are not really directed towards individuals but towards companies.
How do platforms between individuals work?
Its operation is very simple being what we are going to see.
The first thing is to be clear that here who lends the money are private investors, whether they are professionals or not.
That is, people or companies lend money which are willing to invest their money through the signing of a loan.
The process for signing one of these credits would be as follows:
- Client in need of financing goes to the platform requesting a loan.
This client is usually a medium or small company with some seniority and average turnover.
A small SME, for example, recently created or without billing, for example, this option will always be denied.
For these cases it is always better to go to other financing alternatives.
- Once the client is filtered, determining whether or not it may be viable, documentation is requested.
There a file is opened analyzing the viability of each case in a personalized way.
It is here that the platform made up of advisors determines whether this request can continue forward or not.
- In case of meeting the platform requirements, the following is to offer the application project in the investors area.
This area works basically in such a way that all investors and those interested in investing can see the different investment opportunities .
- From this moment on, you depend on one of these investors being willing to lend you the money.
- If someone is interested, they make their financing proposal, having to accept or deny it the client.
- During the signing of the private loan, the platform is also in charge of carrying out procedures so that everything goes well.
Advantages of private platforms for companies
The advantage of this financial alternative for SMEs and companies is that they use different variables than banks.
While one of these business loans may be denied by the bank, it does not have to happen in the same way here.
Also, here you are lucky that you don't have to be a client of the platform to access one of these credits.
Quite the opposite, in fact, you can request financing without having any kind of relationship with the company.
The downside on the other hand is that the particular platform can accept your request and yet then not sign any credit.
Relying on investors is what happens.
This is our opinion of the platforms between individuals here in United States.