# For Borrowers – Accessing Financing with Credefi **Why Borrow from Credefi?** \ At Credefi, we’re passionate about empowering small and medium-sized enterprises (SMEs) across the EU by providing the financing they need to thrive. SMEs are the backbone of the European economy, making up 99% of all businesses, but they often face challenges when seeking funding. Our platform offers flexible, tailored financing solutions designed to meet the unique needs of each borrower. With collateral-backed loans and advanced risk assessment validated by Experian, we ensure a secure, efficient borrowing process. **Key Benefits for Borrowers:** \ **Tailored Financing:** Customized loan options that fit your business’s specific needs. \ **Transparent Process:** Clear, step-by-step support from application to funding. \ **Collateral-Backed Security:** Loans secured by real-world assets for mutual confidence. \ **Reliable Risk Assessment:** Proprietary risk scoring calibrated and validated by Experian for optimal loan terms. **How to Apply for a Loan on Credefi:** 1. Fill in the Loan Request Form Start by completing the Loan Request Form to provide basic details about your business and funding needs.\
2. Complete the Application Form If your automated compliance check is approved, you’ll receive an additional Application Form. This form collects financial data for the past 3 years of your business operations, along with other key details for the credit scoring process. 3. Receive Your Loan Offer Once your application is reviewed and your credit risk score meets our cut-off rate, you’ll receive a personalized loan offer outlining the interest rate, loan-to-value (LTV) ratio, and specific collateral requirements. 4. Accept the Loan and Receive Funds If you’re satisfied with the terms, you’ll sign a loan agreement and submit any necessary supporting documents. The loan amount will be disbursed within 24-72 hours after all paperwork is finalized. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://credefi.gitbook.io/credefi/how-it-works/for-borrowers-accessing-financing-with-credefi.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.