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When can I apply for a loan on the HeavyFinance crowdfunding platform?
HeavyFinance crowdfunding platform finances various business loans by pledging existing heavy equipment. It is an alternative way to get loans for small and medium businesses in fields where heavy machinery is being used.
What are the main conditions to get a business loan with collateral?
Loan amount – from 20.000 Eur. Collateral – a pledge of heavy machinery item surety. Loan to value ratio cannot exceed 70%.
What information do I need to submit to get a business loan through the HeavyFinance platform?
Business loans are granted on a mortgage basis. In order to evaluate our funding opportunities, we would need the information below:
Photos and / or video of the property you intend to mortgage;
Information on who the funding will be, the loan amount and period;
Short business description;
Certificate of Valuation of Property;
Legal entity information
How long will it take for the collected investments to reach my account?
The collected investments will be transferred to the project owner’s account after all the documents needed have been provided.
How long does it take to collect the amount necessary for my project?
The amount of time to collect the money depends on the attractiveness of your project to the investors.