Debt financing

P2P Platform SymCredit

P2P lending platform SymCredit is a marketplace that connects established creditworthy businesses looking to borrow, with people and other investors who want to lend. By cutting out the costs and complexity of dealing with banks, you can get an affordable loan that meets your needs.

Affordable interest rates
Convenient repayment plans
Unsecured, secured, or with guarantor
General purpose, working capital, investment
Up to € 1.500.000

How it works

Send us an e-mail. Tell us about your business and about your borrowing needs. Attach your balance sheet and income statements for the last 2 years. Our credit analysts will review your information and will indicate what rate of interest you can expect to pay.

If you decide to proceed, we’ll perform a series of due diligence checks to verify your eligibility. Usually this should take less than one week. We’ll be happy to discuss your requirements and answer your questions.

If your application is successful we’ll list the details of your application on our website. Our registered lenders can review the information you provided in your application, ask questions and offer to lend money.

After enough offers have been received to fund your loan we’ll finalise loan documentation. SymCredit will be the agent for the borrowers. Even though many lenders will have funded your loan, you’ll make one convenient monthly or quarterly payment and we’ll handle the rest.

SymCredit makes loans available to thousands of EU businesses. Who can borrow at SymCredit?

Registered in the European Union
Registered with tax authority
Established and trading for at least 2 years (unless secured with property)
Directors resident in the European Union
No outstanding unpaid legal judgments, claims or executions
No overdue tax liabilities
A clean credit history
Personal guarantee from Directors or Shareholders may be needed in some cases

Enterprise Loan

Borrow for any purpose with a term of 2 to 5 years
Make monthly or quarterly payments of principal and interest
Collateralized, uncollateralized, or with guarantor
Interest rate ranges from 6% to 15%

Capital Loan

Borrow for any purpose with a term of 2 to 5 years
Interest only or with reduced principal payments
Collateralized, uncollateralized, or with guarantor
Interest rate ranges from 6% to 15%

Property Development Loan

Buy and renovate a property
Pay interest only during the construction period
Repay or refinance at maturity
Collateralized
Interest rate ranges from 6% to 12%

Fees charged to borrowers are based on the risk band, type of loan and term to maturity.

Due diligence fee – 1% of the loan value up to a maximum of 20 000 CZK and subject to a minimum of 2 000 CZK. This covers the costs we incur to gather records from credit bureau and official government agencies.

Site listing fee – FREE! We don’t charge for listing your loan on our site.

Loan origination fees are charged only if and when your loan is funded and you actually decide to accept the loan offer. In other words – if you don’t get a loan, you don’t pay us!

DUE DILIGENCE FEE SCHEDULE

Type / Grade of Loan	A	B	B
Minimum fee	2 000 CZK	3 000 CZK	4 000 CZK
Business Loan / Enterprise Loan	1,0 %	1,0 %	1,0 %
Development Loan	1,5 %	1,5 %	1,5 %
Maximum fee	10 000 CZK	10 000 CZK	10 000 CZK

ORIGINATION FEES

Type / Grade of Loan	A	B	B
Business Loan / Enterprise Loan – 24 months	1,5 %	2,0 %	2,5 %
Business Loan / Enterprise Loan – 36 months	2,0 %	2,5 %	3,0 %
Business Loan / Enterprise Loan – 48 months +	3,0 %	3,5 %	3,5 %

Development Loan – 24 months	2,0 %	2,5 %	3,0 %
Development Loan – 36 months	2,5 %	3,0 %	3,5 %
Development Loan – 48 months	3,5 %	3,5 %	4,0 %

The following is a general list of questions asked by P2P Borrowers. However it does not represent the complete set of information. If you have any questions or need further information, please feel free to contact us.

What is SymCredit?

SymCredit is the company that helps you place your loan on the website.

Who is my business actually borrowing from?

You’re borrowing from SymVest, s.r.o and the actual investors who committed to purchase your loan during the listing period.

How will I repay my loan?

You’ll make one easy convenient payment to SymVest. As agent for the investors, SymVest is responsible for distributing the proceeds to the investors.

What happens if SymVest goes bankrupt?

A backup servicing agent has been appointed and that agent will continue to administer your loan and distribute proceeds to investors.

What happens if SymVest doesn’t pay the investors?

Once the required payment is made to SymVest you have completed your financial obligation.

What does SymVest do?

SymVest is the legal agent for the investors and has the authority to negotiate or amend loan terms and to pursue recovery of the loan in case the borrower doesn’t pay.

Will I know the investors?

Yes. You’ll be given a list containing the details of the investors who invested.

Can my loan be reassigned?

Yes, under certain conditions investors can assign their interest in the loan to other parties. However, you’ll be notified whenever this happens.

What happens if I miss a payment?

Failing to pay on time could cause your loan to be placed into defaulted status. However, every business has ups and downs along the way. At any time you believe you might not be able to make an upcoming payment, you should contact our dedicated credit specialists to discuss how we might be able to help you.

Can I repay my loan early?

Yes, you can repay your loan in full at any time with no penalty or charge other than the interest due up to the date of your repayment.

What reporting obligations do I have besides making my loan repayments?

You are required to notify SymVest in case anything happens that could prevent you from repaying your loan. While your loan is outstanding you’ll have to provide copies of your financial reports such as VAT, and tax returns.

How do I communicate with investors?

You can prepare a regular newsletter or update and SymVest will distribute that to investors or you may send the information directly.

Below you will find useful documents and other files to download.