Lending between related parties is a massive global market – whether it’s low-value loans between individuals, parents providing the deposit for a house, seed funding for start up businesses or businesses lending to directors.
Loans between related parties can have comparatively low financial costs , and have lower approval hurdles compared to traditional loans. Parents lend to children, friends to friends, and businesses to related businesses – providing the borrower with an easier route to receiving money.
Credi.com is a world-first relationship-lending platform that empowers ‘The Bank of Us’. It is an efficient, cost-effective means of formalising loan agreements between family members, friends and businesses. It reduces the stress, heartache and potential risk of default.