Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

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Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Review undertaken by Simple Crowdfunding In respect of P2P loans


On receipt of a full application a detailed assessment of the application is required.  Considerations Include (but are not limited to):   

Directors:
  • Character of directors - The background, experience & credibility 
  • Credit checks – company and individuals 
  • Communication and response
  • Social media checks 

Project:
  • Overall 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.
  • Understanding the plan for repayment and whether this is realistic.  What is the plan B?  
  • Establishing the right risk / return and suitable security / collateral to support the loan.

Company:
  • Name and current registered address
  • List of all directors obtaining KYC 
  • Details of beneficial owners
  • Certificate of incorporation and articles of association
  • Accounts, including management accounts if last accounting date more than 12 months ago

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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CAN I INVEST THROUGH MY COMPANY OR SSAS TRUST? CAN I, MY COMPANY OR TRUST INVEST MORE THAN ONCE? AM I ABLE TO INVEST IF I LIVE OUTSIDE OF THE UK? WHAT ARE THE FEES TO INVESTORS? WHAT IS A SENSIBLE INVESTING STRATEGY? CAN I LOSE ALL OF MY MONEY WHEN INVESTING? ARE RETURNS GUARANTEED? CAN I GET MY MONEY OUT WHENEVER I WANT? ARE MY INVESTMENTS THROUGH SIMPLE CROWDFUNDING COVERED BY THE FINANCIAL SERVICES COMPENSATION SCHEME (FSCS)? WHAT HAPPENS IF SIMPLE CROWDFUNDING CEASES TO EXIST? WHAT HAPPENS IF THINGS GO WRONG? WHAT ARE THE RISKS ASSOCIATED WITH INVESTING? WHAT HAPPENS WHEN THERE IS A PROBLEM WITH A PEER TO PEER LOAN? IF A P2P FUNDRAISER RUNS INTO DIFFICULTY, IS MY INVESTMENT SECURE? WHO SETS THE PRICE OF THE P2P LOAN? REVIEW UNDERTAKEN BY SIMPLE CROWDFUNDING IN RESPECT OF P2P LOANS WHAT FACTORS DO YOU CONSIDER WHEN DECIDING WHETHER OR NOT TO LIST A P2P LOAN? LATE PAYMENT OR DEFAULT OF A P2P LOAN SECONDARY MARKET FOR P2P WHICH INVESTOR PROFILE SHOULD I CHOOSE? WHY DOES SIMPLE CROWDFUNDING NEED TO VERIFY MY IDENTITY? HOW DO I ACCESS PROJECT INFORMATION AND THE FORUMS? HOW CAN I ACCESS MY PORTFOLIO? WHAT INFORMATION IS PROVIDED IN MY PORTFOLIO DASHBOARD ABOUT MY INVESTMENTS? HOW MUCH CAN I INVEST? WHO DO I TRANSFER FUNDS TO? HOW DO I WITHDRAW MY FUNDS? WILL PEOPLE BE ABLE TO SEE IF I HAVE INVESTED? CAN I CANCEL MY INVESTMENT? CAN I SHARE INFORMATION ABOUT THE PROJECT, RAISE OR INVESTMENT WITH OTHERS? TAX CONSIDERATIONS WHEN INVESTING DO I HAVE TO PAY TAX ON MY RETURNS? DOES SIMPLE CROWDFUNDING DEDUCT TAX ON BEHALF OF ITS INVESTORS? HOW DO I CALCULATE MY TAX LIABILITY? WHAT HAPPENS IF THE TARGET AMOUNT IS NOT REACHED? WHAT DOES SIMPLE CROWDFUNDING DO ABOUT CONFLICTS OF INTEREST? WHAT HAPPENS TO MY INVESTMENTS IF I DIE?