Lender Tip: Ask Borrowers Questions Before You Lend

It’s something not many of our lenders have chosen to do so far, but there is the option on our community pages of asking our borrowers questions about their financials or plans, in fact any part of their business that you feel is important.

You might like the look of an opportunity, but just want to be clear in your mind about an existing debt or the future plans of the business. If it’s a 5 year loan, what is planned to change in that time?

Lenders are entitled to ask these questions and we encourage the debate. To get started, have a look at the Marketplace and then select a business. From the borrower homepage, choose the discussion tab and enter your question. Borrowers are notified of the question and encouraged to reply as soon as possible to keep the auction process moving.

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