There are 3 steps to assessing a borrower before they are approved with Bigstone.
Using good old fashioned analysis, and a process developed over 3 years we can quickly answer these questions for each borrower:
These four questions create a set of metrics we use to describe the loan request relative to our cashflow projections.
These three questions create a risk score that allows us to understand how risky the business is (probability of default). We can instantaneously compare each business to the performance of thousands of businesses to create a perspective on risk.
Only borrowers we think are creditworthy by clearing both hurdles, move forward.
Together these two first parts often create a set of questions which we put directly to the owners/directors of the business in a short telephone call.
This allows the owner of the business to put their loan request into context, and enable them to describe the need for the loan, and our team to qualify outstanding questions.
Once both parties are comfortable, contract is organised and the loan is listed!
We are more than happy to organise a quick session to take you through the details.
Yes. Unlike many other ‘peer-to-peer’ marketplaces, Bigstone empowers you to pick and choose, in real-time, the loan requests that you want to allocate your funds to. You can filter by risk grade, interest rate, loan term, loan amount, and other criteria. This gives you flexibility in your investment. We believe that helping you to make your own decisions is the best way to get you the best returns and to get borrowers the best rates.