Less than 20 percent of bank loan requests are approved. The result is that around 80 percent of entrepreneurs are denied the small business financing they need to buy new inventory, hire new staff and expand their business.
At Bitbond, we offer an innovative financial solution to the problem of scarce small business financing options out there. Our signup process takes less than 15 minutes to complete and has just been re-designed for maximum user friendliness.
Bitbond offer lower Fees for your small business financing
Using Bitbond, you would get the small business financing you need to grow your business through the power of bitcoin technology. Specifically, we use bitcoin technology to create a global payment system which works independently of the banks. Therefore, you do not need a bank account to get the small business financing you require through Bitbond.
This also means that we can afford to charge very low fees compared to our traditional competitors, with users only paying a one-time origination fee which ranges between 0.5% and 3% of the funded amount.
Get lower interest rates
Because we side-step the massive overheads of the banking system we can also provide lower interest rates, giving you access to sustainable small business financing. Interest rates start at 7.7%, which should be considered attractive for unsecured loan.
Importantly, you can connect your eBay, PayPal, LinkedIn, Facebook, Twitter and FriendlyScore accounts to your borrower application, improving your creditworthiness and reducing your interest rates.
This means that your reliable feedback on eBay, your impressive payments history on PayPal or your high-powered connections on LinkedIn can now help you to access lower interest rates than with other service providers.
With terms ranging between 6 weeks and 5 years, you retain complete control over your cash-flow, and can focus on growing your business.
Get access to global working capital
With the power of bitcoi, entrepreneurs no longer have to rely on local market conditions to get the small business financing they require. Instead, Bitbond allows borrowers and investors to meet in a global online marketplace, borrowing and lending from and to each other, creating the perfect conditions for you to access the small business financing you need.