Where to look for a private investor who issues his own money?

Hello, my name is Michael. Question: how to find and choose a private investor who is ready to lend own money for development, business creation and other personal goals?

Many are aware of the existence of such a banking product as a loan for opening and developing a business. But recently, the so-called private lending. Advertisements and offers of such services, increasingly, can be found on the Internet and on the streets. Everyone knows that most of these ads are nothing more than a hoax.

However, among such borrowers there are real ones who are ready to provide favorable conditions for cooperation, so it is very important to learn how to identify them among scammers.

To understand the essence of private lending, you need to understand who does this and why they need it.

1. Private investor - who is he and what is his activity?

Private lender - this is an individual who is ready to issue a loan to another individual from his own funds, on certain conditions, which are specified in the loan agreement.

Such an agreement establishes debt repayment terms, loan amount, interest and penalties. A receipt must be attached to the contract, which is written by the borrower at the time of receipt of the amount of money. It is possible to complete a transaction with a notary, but not necessarily.

The undoubted advantage of such cooperation for the borrower is that a private investor does not have access to credit history, and accordingly, it cannot affect the decision.

Amount, which can be borrowed, in this way has no clear restrictions and depends on many factors, including the financial capabilities of the lender. Basically, these are microloans on a card in the range 1 000 - 30 000 rubles and for a short period, on average, 2 months.

Interest rate, as a rule, is charged for each day of using the loan, in the amount of from 0.3% to 4% in a day. Debt, in this case, is returned at the end of the term, all, together with interest. Usually, collateral or security is not required. There are also lenders who are ready to lend a large amount, up to several million, however, such will already require appropriate security.

Must own property, able to cover the loan amount, the contract will indicate that in case of non-repayment of the debt, the property of the borrower will be transferred to the creditor. As a rule, the market value of collateral should be at 30-40% higher than the loan amount. The interest rate and terms for such contracts, of course, are different - 15-30% per annum, on average, for 2-3 years.

The system of payments on a private loan is established individually, by agreement, which the parties reached.

There are also premium-class lenders who are ready to issue an amount in excess of 5 million rubles, taking as collateral the corresponding property: expensive real estate, profitable business, etc.

2. How to choose a private investor?

The search for a conscientious person who can lend his own money is a very complicated process and takes a lot of time. Most of them try to find such people in local media or in street ads, which is not worth doing.

Firstly, there is a great risk of meeting with the so-called black investors, who may offer to buy equipment in the store on credit, promising to buy it. At best, they will do it for 60-70% from the costand at worst, they won’t pay the money at all, leaving the woe-borrower with new debt and without goods.

Secondly, scammers can take an advance payment and hide, which is also not uncommon. Typically, private ad inventory does not test their integrity.

You can ask your friends, it is quite possible, among them there are those who are willing to give a sum of money at interest. Among the resources with ads, hcpeople can be singled out, who check lenders and there is a real opportunity to find a suitable one among them.

In more detail where and how to find an investor, we wrote in our last publication.

However, the mutual exchange may be the most suitable source. P2P lending.

In our country there are a lot of them, the most popular of them:

Vldolg.ru;
Zaymigo;
Fingooroo;
Credbury, etc.

This scheme operates on the basis of Internet resources, where anyone can register as a borrower or investor. The site itself is responsible for the documentation, as well as for checking the participants.

3. How to verify the credibility of the lender?

Despite checking investor data not difficult, very many fall for scammers, due to the fact that the latter are very competent in profiting on the difficult situation of borrowers.

Indeed, such loans are sought after by people who have reasons why they cannot apply for a bank loan without, for example, a job or a positive credit history, who are often already frightened by the actions of collectors or bailiffs, which means they are ready for a lot to get what they need. amount.

First of all, in checking the lender may help internet. You need to drive the data about the potential investor in the search bar and get acquainted with the search results. May be found reviews or ads a given person, but with a different name, which will give a clear understanding of the dishonesty of that person.

If the creditor requests prepayment in any form and under any excuse - don't trust him. But even without advance payment, the catch can be in the loan agreement itself, which must be studied especially carefully. Perhaps it is worth resorting to the help of a lawyer.

4. Other ways to seek financing

There are also other ways to finance when you need money.

You can also try, egfinding money through crowdfunding system. What is crowdfunding and what platforms for collecting money exist, we wrote in a special article.

We also prepared separate material on loans from private investors, in which we told in detail where to look for private loans and how to properly arrange them.

We hope we could answer your question. Sincerely, Richpro.ru team!