Have stumbled on different loan apps offering interest loan to business owners and entrepreneur, my question is how do they get the money they give people and how can one design the app
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Getting the money is not difficult since it's their capital just like financial institutions. Apps are developed like other financial services app. You need to be licensed to start one.Have stumbled on different loan apps offering interest loan to business owners and entrepreneur, my question is how do they get the money they give people and how can one design the app
Designing the app is not the issue, you can get a programmer to do that. The issue is the money to start and system management.Have stumbled on different loan apps offering interest loan to business owners and entrepreneur, my question is how do they get the money they give people and how can one design the app
Yes even with that there are some private organisation that also give out loan to people who want to start small enterprises ,but it will require a lot of money either thinking of making profit with this type of business.A loan app is basically created by a financial institution like banks that will help the person willing to get a loan to check whether he/she is eligibility for the loan, once he is eligible he can apply through the app and get a call from the financial institution.
Have stumbled on different loan apps offering interest loan to business owners and entrepreneur, my question is how do they get the money they give people and how can one design the app