💵Type of Financing
We offer a range of lending options for businesses of all types, including invoice financing, working capital management, general business loans, and project financing, thanks to the flexibility of smart contracts.
To minimize the risk of default and ensure the stability of our lending platform, we offer lending options using stablecoins (USDT, USDC, DUSD and etc). These coins are less prone to price fluctuations than other types of cryptocurrency due to their stability, which helps to ensure the regular repayment of loans and protect against the potential impacts of market volatility
1. General Business Loans / Corporate Bonds (TBA)
General Business Loan is a type of financing that allows businesses to borrow funds with physical assets as collateral. This type of loan is similar to traditional business loans in that it provides the business with the capital it needs to fund operations, invest in new equipment, and technology or cover other business expenses.
General Business Loan on PeerHive has a faster processing time and the ability to access a global pool of lenders.
Loan Term: 6 Months - 5 Years
Maximum Loan: ≤ SGD 1,000,000
Collateral: Cat - 1 Asset
Interest Rate: 8% - 15% APR
Interest Payment: Monthly
Fees: 1% on successful funds raised + ≥ 0.5% interest
2. Invoice Financing
Invoice Financing is short-term micro-loans that are backed by a sales invoice, this type of financing option has a super short processing time generally less than 1 day to be approved and 1 more day for the funds to be distributed to the borrower's wallets.
Loan Term: Less than 6 Months
Maximum Loan: Invoice Sales, ≥ SGD 2,000
Collateral: Cat - 1 and 2 Assets
Interest Rate: ≤ 12% APR
Interest Payment: Monthly
Fees: 1% on successful funds raised + ≥ 1% interest
3. Working Capital Term Loan
Working capital financing is a type of financing that is used to fund the day-to-day operations of a business. Working capital is the money that a business needs to cover its short-term expenses, such as payroll, rent, utilities, and other operational costs. It is important for businesses to maintain sufficient working capital in order to keep their operations running smoothly and meet their financial obligations on time.
Loan Term: Less than 1 Year
Maximum Loan: ≤ SGD 100,000
Collateral: Cat - 1, 2 and 3 Assets
Interest Rate: ≤15% APR
Interest Payment: Monthly
Fees: ≥ 1% Interest
4. Project Financing (TBA)
Project financing can be used to fund a wide range of ventures, including infrastructure projects, energy projects, and real estate developments. It can be a useful tool for businesses and organizations that need to raise large amounts of capital for a specific project, but may not have the assets or credit history to secure traditional financing.
Loan Term: 9 Years
Maximum Loan: ≤ SGD 1,000,000
Collateral: 50% of project asset (Cat - 1)
Interest Rate: 10%-11% APR
Interest Payment: Monthly
Fees: 1% on successful funds raised + ≥ 0.5% interest
5. Factoring (TBA)
Trade factoring allows exporters to sell its account receivable to the PeerHive platform in exchange for lump sum cash flow to meet their internal cash expenditure. This type of financing is an end-to-end financing product, allowing the issuer to meet their cross-border financing demand.
Loan Term: 18 Months
Maximum Loan: Account Receivables, ≥ SGD 30,000
Collateral: Sales Contract
Interest Rate: 10%-11% APR
Interest Payment: Monthly
Fees: 1% on successful funds raised + ≥ 0.5% interest
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