Invest in a SMEs involves a risk of loss of capital in the event of failure of a SMEs and need an asset of your savings. Businesses are rigorously selected by Bolden, but despite all our efforts, zero risk does not exist, so we recommend you diversify your investments on several projects. If a deadline for repayment is not honoured, Bolden will warn you and will work with the borrower to cover or reschedule debt if necessary. If no solution is found, a collection agency will be mandated by Bolden.

In the event of cessation of Bolden, our S-money payment services provider, contractually provides reimbursement by SMEs from existing loans to maturity.

Our methodology, based on our experience and the best practices identified in the area of SME credit, allows us to select and propose on Bolden of folders with a limited default risk.

However, despite all our efforts, zero risk does not exist. Our analyses are provided for guidance and the risk of loss, in capital and interest, partial or total, is real.

To limit your exposure, consider diversifying your investments on SMEs.

For more information, see frequently asked Questions.

Bolden is agent provider payment service (Article L525-8 of the monetary and financial Code), mandated by S-money, subsidiary of the Bank Populaire Caisse d'Epargne group, registered with the authority of control prudential and Resolution, approval n ° 16528.

Bolden IFP, Bolden SAS subsidiary, is registered in the register of the ORIAS as an intermediary in participatory financing (IFP), registration No. 14006823.

Our team of experienced analysts rigorously selects SMEs, according an exclusive model of credit rating and financial performance monitoring.

Bolden has developed a decision tree sole proprietor on the basis of information provided by Altares and Fiben (Bank of France). This process allows to make a first analysis business loan fast and systematically based on:

• an analysis sheet (subsequently refined internally)
• an opinion sector, based on the aggregation of historical data such as average performance, health and observed average risk
• control of payment behaviour

As a result of the first filter, Bolden is a detailed analysis of the company and the project, according to a unique rating system organized around two main axes:

• quantitative analysis: data bilancielles historical and forward-looking, followed by cash, sectoral information
• qualitative analysis: our experts contact directly the management team (physical or telephone appointment) in a systematic way, in order to judge the realism of the project (management experience, management tools in place, medium and long term strategy, economic environment).

If the result of these studies is satisfactory, the dossier is submitted to the Board of investment of Bolden, which assigns a score ranging from A to E (at least risky to most risky); If the minimum is not achieved, the draft was rejected.

The proposed interest rate consists of a rate base (4% to 01/01/2016) to which is added a premium of risk (between 0% and 8%). Between 4% and 12%, the final rate compensates so with transparency and precision the financier for the risk of default by borrowers. This rate is defined on the basis of the rating by our team of analysts.

-Risk minimum (estimated 0.4% failure rate)
B – Very low risk (estimated 0.6% failure rate)
C – Low risk (estimated 0.9% failure rate)
D – Moderate risk (estimated 1.2% failure rate)
E – High risk (estimated 2.3% failure rate)

We reassess semi-annually grid proposed interest level of identical risk rates, depending on the evolution of criteria macroeconomic (among which interest rates, French and European growth, average failure rate), and other criteria such as the supply and demand. Such a change impact as upcoming folders, the rate being fixed during the implementation of projects on Bolden.fr, and for the duration of the loan.

The minimum amount that it is possible to invest in a project is € 20. There is no amount maximum.

If the full amount requested by the SME has not fully met at the end of the exercise period, all monies received shall revert to the financiers who participated.

For reasons of security and fight money laundering, our payment service provider must verify the identity of the financiers who have a total of operations in any year by an amount greater than or equal to € 2,500. Bolden asked the financier a copy of a valid identification and proof of address less of 3 months. Information you give us remains confidential and is stored on a secure server.

If wish you to proceed with a transfer to your bank account, these documents will be charged.

In accordance with Act No. 78-17 of 6 January 1978, relative to information technology, files and freedoms, you have a right of access and rectification of the personal data concerning you. You can at any time to modify your documents or remove them, on request.

The money invested is blocked for the duration of the project (1-5 years) as well as during the campaign.

However, loans are depreciable, you receive a part of the capital and interest monthly in equal parts.

You can withdraw the money available on the account you provide us the RIB, on simple request online at any time. For regulatory reasons, you have sent in advance your supporting documents in order to receive the funds.

By subscribing to one of our packs you ask Bolden to invest in your place depending on the conditions of the subscribed package (number of projects funded and amount by project). Your money is automatically invested on the number of projects. The amount total is not immediately invested and may take time to deployment according to the number of projects available on the platform. In the meantime your assets are kept at Natixis (groupe BPCE). Each investment, you will receive a notification by mail. You have a right of veto on projects that you do not want to finance, to exercise this right, simply contact us at the following address: support@bolden.fr.

You must perform your own analysis of the legal, tax, accounting and regulatory of these transactions in order to determine the pros and cons of each of the projects proposed in the pack and do not submit to Bolden for this. Bolden will not be able to be held responsible for any financial or other consequences related to the implementation of the transactions described in this document.

You can also enjoy the automatic reinvestment of any sum of money available (from € 5 per project) to the account of the holder of a financier Pack on the 1st and 15th of each month. Through a proprietary algorithm, the money is spread over all of the projects being thrown on the platform. Automatic reinvestment allows to optimize yields and diversify its portfolio in a large number of projects.

Annual operating costs are 1% of capital outstanding on loans made. This deduction is made at source. Costs are offered for any subscription to a financier Pack. Bolden reserves the right to reduce or eliminate these charges in the context of promotional operations.

For example, a loan of € 500, at the rate of 8%, over a period of 3 years gives rise to 36 monthly instalments of €15.67 gross before tax and charges Bolden. These €15.67 decompose for the first deadline, in € 12,34 of depreciation of capital, and € 3.33 interest gross. Will be retained by Bolden 1% / 12 of the capital remaining due prior to payment of the monthly payment, or 1% x 500 / 12, i.e. € 0.42.

Yes, it can, with fees of 3% of the outstanding capital. The financier will receive then the principal and interest remaining due, in a single and final transfer.

Any person registered on the site can sponsor new users. To be taken into account, the Godson must mention the referral code that is supplied by the sponsor. To be credited, you must fill the investment conditions. The details of the operation of the offer (duration, amount credited to sponsors and godchildren, sum to invest on a first draft) are specified on the sponsorship page as well as on the invitation email.

Attention, this offer only works for a new registrant and with his first investment. The only action to credit his account is not eligible, should have made an offer of loan and that it be validated at the end of the exercise period. The amount offered will be then credited within 10 days on account of the Godfather and Godson Bolden.

Bolden broadcasts regularly of promotional offers on its site or on any partner sites as well as on social networks. To qualify, you must fill necessary investment conditions specified on the offer. It's a welcome offer, whether for the new user to register code on the registration form.

Attention, promotions are not cumulative with offer of sponsorship. The only action to credit his account is not eligible, should have made an offer of loan and that it be validated at the end of the exercise period. The amount offered will be then credited within 10 days your account of Bolden.

Far from being in opposition with the banks, the crowdlending is a modern complementary financing tool for businesses. SMEs who use participatory financing may have different motivations:

• Desire to get closer to their customers and suppliers around a common project
• Opportunity to do an operation of communication and recruitment of new customers around an innovative way to finance
• Wish to limit its dependence on its bank which may sometimes ask too many guarantees or take too much time to decide and to release the funds.
• Refusal of banks because the amounts are too low (often less than € 50,000) or are not taken into account or misunderstood by the latter, and yet strategic investments for SMEs (campaign marketing, recruitment, development of a website, etc).

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The prerequisite for the closure of an account is the lack of loans outstanding. You can request the closure of your account by sending an email to support@bolden.fr.

For a particular tax resident in France, the interests that you get each month are taxable as income tax. In practice, Bolden reverse your interest after a flat-rate withholding tax from 24% more social security levies from 15.5%. This is a down payment on your income tax.

You will have to pay (or receive, if your marginal rate is less than 24%) tax on the income corresponding to the difference between 24% and your marginal rate. If you receive less than €2,000 per year of investment in fixed income products, you can claim on your income tax return, be subjected to a discharge by flat-rate taxation from 24% (this is interesting if your marginal tax rate is greater than 24%).

Each year, your printed single tax (IFU) will be downloadable from your dashboard Bolden. It contains the necessary information to complete your tax return no. 2042 (item "Income from movable capital and values", in box 2TR).

If you earn less than €2,000 per year of investment in fixed income products and opt for the taxation of your interest at the standard rate of 24%, this option is formula by registering your interest box 2FA.