What you sign up to

Pay on the schedule

Instalments are due on the dates in your schedule, monthly or quarterly. We set the frequency to match how your own money arrives, if you sell quarterly, you repay quarterly, because forcing a monthly rhythm onto a quarterly business is how a solvent company misses a payment.

Disclose within 72 hours

Anything material has to be posted as an update within 72 hours of you knowing about it. Material means anything that changes a lender’s view of whether they will be repaid: a lost customer, a regulatory refusal, a supplier failure, a delayed shipment, a missed milestone.

This includes bad news you have not solved yet. The borrower who is late on this platform right now posted three weeks before the due date saying they would miss it and proposing a fix. That is the only reason a restructure is still on the table for them. The borrower who defaulted disclosed a refused ethics review promptly too: it did not save the loan, but it is why the arbitration is a negotiation rather than an enforcement.

Answer in the lender chat

Every live loan has a room where your lenders can ask you things in front of each other. You are expected to be in it. An answer given privately to one lender is an answer the rest of the book never sees, which is why the room is public to everyone on the loan.

Your credit note is published

Including the parts that count against you: the customer concentration, the single-founder risk, the unhedged currency exposure. You see it before it goes up and you can withdraw at that point, but you cannot edit it. It is the reviewer’s opinion with their name on it.

If you miss a payment

1. The loan moves to late. Post an update immediately: before the due date if you can see it coming.
2. You can propose a restructure: an extended term, capitalised interest, a payment holiday. Put the numbers in the case file.
3. A second miss opens arbitration automatically. An arbitrator takes the file and publishes a recommendation.
4. Lenders vote. If they accept a restructure, it binds them. If they do not, enforcement follows against whatever secures the loan.

A default is published permanently with your company name on it. So is a successful restructure, and those read very differently.

What we will not ask you for

• Equity, warrants, or any conversion right.
• A board seat or an observer seat.
• Information rights beyond the disclosure duty above.
• A personal guarantee: it is offered, never required.