The expanding alternative financing market has gained a new participant – the crowdfunding platform operator "FinoMark". Experts in electronic financial technology are challenging existing institutions that provide business loans and are further simplifying the processes of company evaluation and loan issuance. Recently launched, "FinoMark" is already accepting applications for business loans and offers competitive conditions for medium-sized businesses and exceptional financing opportunities for small business entities.

Every crowdfunding platform for businesses has different conditions and advantages. Compared to other market participants providing business loans, "FinoMark" aims to position itself in the middle of the market with its current pricing, becoming a choice between banks and other alternative lending companies. Such a business strategy of the platform operator allows businesses to borrow at an annual interest rate starting from 6%. Additionally, one of "FinoMark’s" advantages is that investors on the platform can allocate up to 500,000 euros for a financed business loan. Companies of any size that apply for a business loan can qualify for these conditions.

Faster Company Evaluation

Obtaining a business loan for small and medium-sized enterprises often becomes a challenge. The bureaucratic carousel spinning in circles prevents companies from obtaining a loan for working capital or business growth in a timely manner. It often takes a long time to convince financial institutions that the business idea will be successful and that the loan will ensure the achievement of the set goals. The innovative solutions integrated into the "FinoMark" platform allow for quicker evaluation of company metrics, financial needs, and the ability to service the loan.

"FinoMark" Platform – A Solution for Small Businesses

When filling out a loan application, representatives of young businesses often stop at the section where the company’s age needs to be indicated – many financial institutions do not provide loans to newly established businesses. "FinoMark" encourages not to give up and invites business entities operating for at least 12 months to confidently apply for a loan. Even if the financial project does not attract enough investor funds on the first attempt, "FinoMark" consultants will provide reasons and possible solutions for improving company metrics.

“Without having any competitive advantage or success guarantee, companies often face difficulties when taking a business loan. Therefore, we have structured the "FinoMark" business model so that our platform becomes a solution for small businesses. We will offer companies attractive conditions for obtaining a loan, a simpler company evaluation, and financial business consultations to help even young, small companies borrow smoothly,” says the company’s CEO Gražvydas Balčas.

Processes Do Not Waste Time

Aiming for the highest customer service standards and valuing customers' time, the crowdfunding platform operator "FinoMark" has created a clear loan application that does not raise additional questions. The customer can fill it out online in a very short time – just 10 minutes. Another advantage cited by the platform's founders is the quick response to received applications, with evaluations provided to customers within 24 hours or even the same day. Additionally, there is no need to schedule a meeting to sign loan documents, as the company representative can sign them using a convenient electronic means – mobile signature or Smart ID.

Success Can Be Guaranteed Not Only by Financial Indicators

The principle of operation of the crowdfunding platform is very similar to the stock exchange, except that instead of shares or bonds, business ideas in need of financing are traded here. Undoubtedly, investors are mostly interested in companies that have been operating for several years with good financial indicators. "FinoMark" is among the first to implement a new feature on its platform – the ability for loan recipients to submit visual materials with their application, which will help small companies get noticed. “When creating this functionality, we thought about small businesses, as it is quite difficult for them to compete with larger companies in the market and attract investments. Photos and videos give the freedom to present your company beyond the lines of balance sheets and profit (loss) statements. We invite authors of financial ideas to unleash their imagination and take advantage of this innovation,” encourages G. Balčas.