The amount of money that Huddle Capital is willing to lend to borrowers will depend on how we assess your businesses ability to repay. We have a stringent assessment process in place to protect our investors.
Yes, before applying for a loan through Huddle Capital please check whether your business will be eligible and you are able to meet the following criteria:
We require the following information to be provided at the time of your loan application:
We aim to complete all loan requests as quickly as possible, but subject to the complexities of your loan request it can take up to month to complete your loan application and transfer your funds.
Once your business loan request has received the correct amount of individual bids from investors, it will be ‘Sent to Borrower’ and our administration team will mark it as ‘Pending Borrower Approval’.
Once approved by the Borrower the loan documents will be signed and any charges required to be registered will be completed. Once all of the conditions precedent in the documentation have been fulfilled, the funds will be transferred to the Borrower at the designated account.
Yes, you can pay your loan back early should you wish, however, there may be charges for early repayment. Contact us for an early loan repayment amount by emailing us at: firstname.lastname@example.org
Until your loan request is approved by Huddle Capital you are permitted to cancel free of charge. Once the loan is available to investors if you wish to cancel it you may do so, but charges may apply.
Yes, you can apply for more than one loan however you would need to wait a minimum of 3 months before applying for a second loan and your payment history must be in good order.
No, unfortunately we cannot offer an anonymous loan service for borrowers.
Because you are entering into agreements with individuals your full details must be available to them for their assessment otherwise your loan request is unlikely to be fulfilled.