It is becoming increasingly common to borrow money through crowdfunding, not only as a company but also as a private individual. What are the possibilities for crowdfunding for yourself or for your company in the Netherlands? See below an overview of which platforms you can best go to as a private individual, company or organization (for additional business credit see this extra page).
Crowdfunding has been growing rapidly in recent years. There are many different and new platforms in the Netherlands where you can go for crowdfunding for private individuals. It is an interesting opportunity to look at credit.
Private crowdfunding lending is usually not really cheaper than through the bank, but it is more fun and a lot more personal. And in a number of cases, a crowdfunding loan is even easier to borrow money than through the bank.
Crowdfunding private loan
To borrow money via the online platforms, you must first register via the website. You then enter your desired loan amount, as well as your personal information. You must also explain what you need the money for. This is all discreetly published to potential lenders.
Once your application has been approved, your application will be published. If there are enough registrations from lenders, the loan will continue and you will receive the money.
Often you do pay extra costs for, for example, the administration. This is usually only if the loan actually goes through, but with some platforms you also have to pay to publish your application. It is good if you pay attention to this before you apply for a loan.
To lend money as a private individual through crowdfunding or if you want to set up crowdfunding yourself, you have many options. The best known platform is Lendico. You can already borrow from € 500 to € 10,000. To borrow money here you often have to be patient by the way, because this usually precedes a week before everything is in order. Lendico has been around since 2014 and comes from Germany. It is active in many European countries.
Applying for a loan does not necessarily mean that you will also receive the loan. There must first be enough people who register for the loan. In addition, the loan must first be approved internally by the employees of the platform. Borrowing money at Lendico is also particularly suitable for refinancing your loans, for lending money as a self-employed person or as a way to borrow money if the bank is struggling.
Private crowdfunding platform
Money for Each Other is a platform where you can borrow money as a private individual, but especially companies come here for credit. There are many options for borrowing money as a company, not only as a self-employed person but also larger companies. The amounts that you can borrow via this platform are considerable. There are projects of more than 100,000 euros. The periods are often no more than 5 years. As a private person you can also come here.
There are also other options for companies to borrow money through crowdfunding. Funding Circle has also been active in the Netherlands since 2015. There are also other crowdfunding platforms where you can go for your credit.