How is Silver Bullion P2P different from the other P2P lending platforms?

Unlike other P2P lending platforms, Silver Bullion’s P2P loans are 200%* backed by the borrower’s metals storing in STAR Storage therefore significantly minimizes the risk exposure of lenders.

The loan contracts formed on Silver Bullion's P2P platform are legal loan contracts and not promissory notes. A promissory note is just a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date and there are no collaterals involved.

Unlike a promissory note, a loan contract imposes obligations on both parties where the borrowers' metals in STAR Storage are collateralized for the loan and include consequences of defaulting.

In addition, the loan contract formed on Silver Bullion's P2P platform is a one-to-one relationship where it consists of one lender and one borrower only and not by crowdfunding. Crowdfunding usually have multiple lenders lending money to one borrower only.

The Silver Bullion’s P2P platform allows lenders to be able to choose the borrowing requests that are available but other P2P lending platforms do not allow lenders to choose borrowers and or loan terms.  

*Only 1-month loans can be funded with a lower ratio of 160% (or about 62.5% loan to value ratio)