They bid in an on-line auction to join a syndicate and lend to your company. At the end of a successful auction the bids with the lowest interest rates are selected and you get an offer based on the average rate. If that is attractive you accept the deal and we prepare and complete the paperwork.
To date Sterling Capital have successfully completed on a number of loans whereby funds are provided solely by a consortium of individuals.
For further information see www.thincats.com
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