As the end of the year is approaching unbelievably quickly, we are thrilled to announce that our parent company VIA SMS Group has just launched a new business direction, and is now offering business loans intending to finance various business ventures. That’s not all – from now on business loans issued by the Group will be available for investments on VIAINVEST.
At this point VIA SMS Group has joined a massive student hall development project in Barcelona, Spain carried out by the investment partner and real estate developer R.evolution. Initially, depending on project development progress, VIA SMS Group intends to issue a business loan amounting to 1 million EUR. The total amount of this loan will be divided into several payments over a 2 year period and will be listed on VIAINVEST for investments starting from December 3, 2019. The initial term of the issued business loan will be 2 years, it will be secured with collateral and listed on the platform with an expected annual interest rate set to 12% (guaranteed 8% annually), thus there will be no Buyback Guarantee for this particular loan.
The interest rate will be calculated using the two-component compensation model: initial interest rate set to 8% plus bonus at the end of the agreement if sales revenue exceeds the set threshold. For more information on this loan type please visit the business loan profile. We have modified the loan profile for the business loan type to provide as much information as needed to ensure maximum transparency on the project.
Intrigued? It won’t take long to explore all the benefits offered by this loan type. To include the business loan in your auto invest portfolio, go to your investor profile and adjust your portfolio by choosing Business loan as the loan type and VIA SMS Group as the loan originator.
For more details on the aforementioned project, please go to the business loan profile on VIA SMS Group website section Ventures or reach out to Investor Support Service by e-mailing to [email protected].