View our 2-minute explainer video here.
SMEs apply for loans up to $2m either directly via the TCA platform or through Sponsors/Introducers.
2. AUCTION LISTING
The TCA Credit Team reviews loan applications and lists eligible loan opportunities for auction on the platform, with credit submissions and supporting documentation.
3. FUND TRANSFERS
Wholesale investors assess loan opportunities, transfer funds to TCAN trust account and bid for parts of each loan opportunity (min. bid $1k) on the platform.
4. AUCTION COMPLETION
After auction completion, borrower executes security documentation in favour of TCAN as Trustee for lenders, and funds are transferred to the borrower.
5. MONTHLY PAYMENTS
Fixed monthly repayments of principal and interest from borrowers are credited to the lenders accounts on the platform.
6. LOAN PERIOD
The loan is repaid over the fixed term.