What happens if the requested loan amount is not collected?
If the requested loan amount is not reached, the collection of investments for the project is canceled. Investors receive the full principal amount + interest earned from the start of the investment until the cancelation of the project date.
Upon separate agreement between the borrower and Crowdpear, the financing period can be extended or a lower loan amount can be issued. Any changes in the agreement are discussed with the project manager.
In case of a project cancelation, corresponding fees for the borrower would be applied.