Monthly Archive: July 2019

Ready for business project: crowdlending sites, bankless credit for businesses!

To finance a business project, it is possible to go elsewhere than at his banker, and that’s revolutionary! The financing of a professional project can be done with private individuals, directly via a crowdlending site. These bloom on the net, offering to those who seek a personal loan without the banks a solution (in any case, they can not lend to everyone). But what are the best crowdlending sites in France to find a loan for a professional project?

Crowdlending, what is it?

Crowdlending, what is it?

In a few words: crowdfunding for companies (not to be confused with anonymous donation sites ). For individuals can now extend credit for an SME, where a bank is reluctant to make a business credit without input.

And it works ! One has only to see the recent success of PAP loans to be convinced, even if the rates are not better (it’s even the opposite, because conditions may be easier). The device on sunny days ahead of him.

For individuals interested in investing their savings

Be careful though: this is venture capital in most cases, which means that we can not always be sure to recover its stake, the business world is full of dangers for entrepreneurs! On the other hand, if it works, a return of 5% or more can be considered, especially since it is paid regularly and is not subject to capital gains.

Few investments currently offer a return of this level. To find the best, better to do a little simulation.



When an individual commits to lend money to a company, it is because he believes in it. SMEs have a strong support here. Unilandia is a big platform to make a small credit, 10000 euros, until a larger loan: 1/2 million, which will have to be able to repay in 5 years maximum.

The advantage of this site of crowdlending, in addition to being able to find a financing, is the speed of the provision of the funds: according to the project, less than one hour can be enough, even if on average better to count on 15 days. The advertised interest rate on the site includes all fees. We know immediately how much we will have to repay each month.

To start the machine

You have to start by presenting the project on the site. This is a good first window, because in the end, this advertising is free. The rate is not fixed yet. It will be according to the proposals of individuals. The good news: no guarantees required (and therefore no pledge of the business as may require banks).

Fees: In addition to repayment interest, please note that 4% of the funds raised (if the entire requirement has been subscribed) via the platform are withdrawn by Unilandia + 1% per year of what remains to be paid.

The rules for borrowing

If we do not ask for guarantees, there are still rules to respect. Thus, the company must be French and have existed for at least 3 years. Only those who have passed the difficult course of the first three years are eligible, which reassures individuals.

It will be necessary to give details on the financial situation of his company. If it is bad, there is little chance of being accepted into the program.

Lenders, they must also be from the EEC, Switzerland or Monaco and major, which makes sense. Everyone can start to lend, since it is possible to open an account with 20 euros. Then you choose the project that concerns you and formulate your offer: amount and rate.

These conditions will then be validated (or not) by the applicant company. Attention: in case of many subscribers, and if the needs are exceeded, it is the lowest interest rates that will be retained first.

MoreFund Bank

MoreFund Bank

Another structure that allows companies to find financing outside the traditional banking system, to find a suitable interest rate, but also to make themselves known to the general public.

It is no longer the banker who will decide if your project and yes or no viable, but the general public, and that changes everything! When we are in a development phase, we must also think about this communication tool

MoreFund Bank studies the file thoroughly, of which put the chances of your side before presenting it by bringing together all the documents requested by the organization. Once the green light is received and the last tax package “validated”, to you America!

You have 1 month to convince individuals to trust you and believe in your project. In any case, you will not have any personal guarantee to give and it will not be necessary to engage your own property. The loan can reach 1 million euros: who says better?

Interest + fees: 3% of the loan


Still a fairly simple platform for linking individuals who want to lend and TPE or SME who have needs to develop or to launch new projects.

The system, detailed a little higher is about the same, the slogans here being simplicity and speed. For lenders, 10% interest is not utopian, everything will depend on supply and demand.

Conditions for entrepreneurs who want to borrow

One accounting year is enough: good news for young companies registered in France. Here, it is not the individuals who set the rate, but Lexima, according to the amount requested and the project.

Fee: 3% of the amount borrowed + 1% per year + 0.5% on the guarantee account for the lenders.

Ready Up

Ready Up

Crowdfunding continues to see new platforms emerging. Ready up is of these, putting like its sisters the banking constraints in the waste.

For entrepreneurs who are going to “cry” to their banker know it: it is increasingly difficult to get a loan from his bank, unless you have very strong loins. Many intermediaries will have to give their opinion, and the file will take time to finalize, sometimes several months.

On the investor side, they are fed up with seeing their savings being so low paying and not knowing what they are doing with their money. Crowdfunding is therefore a win-win system, where everyone benefits, provided that the deadlines are repaid.

Other platforms

  • Zelxen: loans ranging from 20000 to 400000, repayable between 2 and 5 years, for a rate between 4 and 12%. The practical side: a simulator on the site.
  • Lenduxo: operates as a market place and requires at least 2 balance sheets showing a profit for any registration. For investors, you must put at least 100 euros to open an account.
  • Crediterho: the loan rate starts at 3.40%. The +: the representative of the company that borrows is insured in case of death or loss of autonomy.

Lending communities

Lending communities

The economy is bad, and this is news for no one. The model of our parents does not work anymore. We must reinvent ourselves, and find other solutions to revive the machine.

The phenomenon (let’s call it that, because it really is) of crowdfunding started a few years ago with the artistic projects that needed funds to see the day, offering the artists the means of their ambitions, but also a great way to get to know the general public under the leadership of the forerunner, mymajorcompany, some became thanks to this virtual word of mouth of real stars.

After the artists, it is the credit to individuals that has followed suit, with the emergence of a new way to be lending money.

Prêt d’Union is now well established in the credit landscape in France. Now, it is the turn of the companies to get going, developing a system that was at the origin of the equity participation, as had been developed by some associations such as Sigamures and Maritas.

For companies calling on individuals

This is the assurance of having subscribers totally involved in the project, able to invest financially but also to become the first customers, to talk about it, to talk about it, to create buzz on the Internet, in short to bring society into its century and allow it to live with its time.

Do you have a pro project to develop your existing structure? Play the competition, and parallel the proposals of your banker and those of crowdlending. You will surely come out winning.


Loans for young entrepreneurs

60 million euros from the Veneto Region for young agricultural entrepreneurs

60 million euros from the Veneto Region for young agricultural entrepreneurs

The Veneto Region will soon make available resources for 60 million euro destined for the establishment of new farms run by young people under 40, and to support the modernization of existing corporate structures. Applications for loans for companies, depending on the interventions requested, must be submitted by the end of May or by the end of June 2014. The provision meets the need to encourage generational turnover in a sector that is strategic, creates jobs, wealth, image and quality and ranks first for national exports.

Loan for young farmers

Loan for young farmers

Of the available investment, it is expected that 30 million will go to agricultural start-ups, while the other 30 million will be used for investments capable of strengthening the already operating business structures, also owned by the less young. This result was achieved thanks to intense work by the Department of Agriculture and Rural Development of the Region, which was able to optimize the possibilities existing in this period of transition from the old to the new Rural Development Program, using the so-called “Transitional Regulations” for however, continue to issue calls, without waiting for the formal definition of future programming. For each of the two fields of intervention it is foreseen that 7 and a half million euros, for a total of 15 million, will be addressed to mountain companies.

The call for proposals refers to measure 112, called “young farmers settlement”, of the Rural Development Program 2007-2013. This programming tool identifies, for farmers under 40 who settle at the head of a company, the possibility of accessing a series of tools capable of supporting and developing professional entrepreneurial skills. Through the so-called “integrated planning”, for the Youth Package, the simultaneous activation of several RDP measures is envisaged, coordinated and made coherent with the project in the Business Plan. These include the modernization of farms, individual training in the company and consultancy services for agricultural entrepreneurs.

Multiple Loan Requests Simultaneously

Make multiple credit requests in parallel – does that make sense?

Make multiple credit requests in parallel - does that make sense?

Those in urgent need of credit may think of making several loan requests simultaneously. Parallel inquiries could lead to a safer and faster fulfillment of a loan request – so the consideration. That does not always lead to the goal. On the contrary, the credit opportunities may even worsen.

Basically, it is not a problem to make multiple credit requests simultaneously, as long as they are pure condition requests. For comparison portals, this option is even offered explicitly. If you use the portal, you will first get an overview of the cheapest offers. The conditions shown are examples, not a specific offer. The listing has more the character of advertising ads.

No problem with pure condition requests

No problem with pure condition requests

As a user, you can then select one or more providers to make loan requests. You will need to provide appropriate information about yourself, your profession and your economic circumstances, and then receive offers tailored to your situation. Such a parallel request is even recommended, because it tells you the fastest way which offer is actually the cheapest for you.

The fact that you make several loan requests at the same time does not affect your credit bureau statement. Although credit requests are recorded as condition requests, they can not be viewed by other banks and do not affect your credit bureau score. Comparative portals therefore often advertise with credit bureau-free credit inquiries or credit inquiries without credit bureau.Also, if you submit several credit inquiries in parallel via online appearances of banks, these are usually only reported as condition requests.

If possible, apply for credit only at one institute

If possible, apply for credit only at one institute

The situation is different if it is not about inquiring about the conditions, but if you apply for several loans at different institutes at the same time. Such a request is each reported as a request credit. Other banks can recognize the entry for about ten days. In addition, multiple credit requests that have taken place in parallel within a short time period will negatively impact your credit bureau scoring. Your creditworthiness worsens.

A bank that learns that you have also lodged a loan with another institution will be more reserved regarding your request, which is immediately apparent. Since the credit bureau query is standard on credit checks, you can assume that the institution will be aware of your other efforts. The advice is therefore: several loan inquiries at the same time, in order to find out the most favorable conditions, are not a problem and expedient, the loan application should be placed however only with an institute of your choice. If you refuse, you can still risk a new attempt.