Review undertaken by Simple Crowdfunding In respect of P2P loans
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On receipt of a full application a detailed
assessment of the application is required. Considerations Include (but
are not limited to):
of directors - The background, experience & credibility
checks – company and individuals
project review: Location, purpose of the loan, exit strategy, experience,
finance stack (including fundraiser and other funding for the project), cashflow,
project plan, current or development valuation as appropriate.
the plan for repayment and whether this is realistic. What is the
the right risk / return and suitable security / collateral to support the
current registered address
all directors obtaining KYC
of beneficial owners
of incorporation and articles of association
including management accounts if last accounting date more than 12 months
Our assessment is proportionate to the risk recognising that, while we are
likely to have security for the debt, our primary concern is the repayment in
full to the investors, including interest, over the loan term.
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