Once you have completed your application, and a successful credit assessment has been made of your company, your loan will be listed and investors will be able to bid to lend money to you. They will indicate the amount that they are prepared to lend you and the rate at which they will lend. The best offers (ie those with the lowest interest rate) will win. Once the auction has ended, we will send the loan documentation for you to sign and return to us. Once you have signed and returned the documentation to us, we will transfer the funds to your account, less the Go2 listing fee, within three working days.
You can accept your loan as soon as it is fully funded or wait until the end of the auction to see if the rate will fall as more bids are made.