All Issuers are credit scored using our proprietary credit scoring engine. This allows our P2P Investors to make an informed decision before they make an investment.
Factors we will look at include your revenue, profit before tax, current outstanding debt, your credit history, your nature of industry and age of your business.
We will also look at your Debt Service Ratio, which measures the ability that your income is sufficient to pay your monthly debt commitments.
You will also be required to complete a Psychometric Test which allows us to understand your needs and your decision-making, from a credit perspective, better. On average, people take 7 minutes to complete the test.
From the above credit data we will be able to determine the amount and tenor that you can raise funds and also the interest rate that you can be financed at.
Note: The ability to pay your monthly repayments on time will also improve your overall credit risk rating for future Investment Notes issued on microLEAP