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Borrowing Guidance
Negotiating: Making offers
The offers
There are two types of offer: live offers and accepted offers. An offer is no longer live when you have reviewed and accepted the terms of the investor.
Live offers
You will receive offers from investors with the conditions under which they are willing to lend to you. At that point, nothing is still agreed. You have the option to accept or reject it.
If you reject the offer, the investor is notified that he or she can make another submission. There are no limits for the investor to make another offer.
However, an investor can edit or delete the offer while it is live, so if you are interested, it is recommended that you accept it so you do not lose the opportunity.
You decide on the negotiation time to collect funds which can vary from 15 to 90 days. You may select the offers on the last day of your auction. When the time is up, you will not be able to accept more offers.
The whole process is public and any user can see the offers you have accepted.
As long as the offer is live, no costs are incurred. It can be rejected, edited or deleted and nothing is charged.
Offer accepted
If you accept the live offer, the investor is legally committed to deliver the funds within the agreed timeframe.
Otherwise, the investor will incur a 1 month ban from our platform and he or she will not be able to participate in the platform.