If your application is approved, we will extend a Letter of Offer setting out the terms of the loan, including the loan amount, tenure, interest rate etc.

Once you have accepted the Letter of Offer, you may submit a formal loan request for crowdfunding on our platform.

Our Investors will receive a notification of your loan request and will be able to view a loan sheet disclosing the proposed loan details and your company details. The loan request will be on our Platform for a period of 30 days or until it is 100% funded, whichever earlier (“Loan Request Period”).

At the end of the Loan Request Period, if the loan request received sufficient funding from Investors (typically 70%), then the loan request is successful. You will be required to enter into a debt instrument with the Investors and SmartFunding (where SmartFunding will be acting on behalf of Investors).

Disbursement of the crowdfunded sum (less processing fee) will be made within 2 working days from the signing of the debt instrument.

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