Published
2024-06-10
Union partners with Look&Fin for crowdlending
Union will end the 2024 financial year with a healthy profit. To pay taxes on these profits in advance, the club now wants to raise €2.5 million via crowdlending. Interested individuals or companies can lend money to Union through the Look&Fin platform; the starting amount is 100 euros. The invested amount will be repaid within three months with an interest rate of 6% gross per year. UPDATE: The amount has already been raised at a record time.
Look&Fin is a Brussels-based company and the European leader in crowdlending. Through Look&Fin, it is possible for companies or individuals to lend money to businesses. Union partnered with Look&Fin for a project and raising €2.5 million. The invested amount will be repaid within three months at an interest rate of 6% gross per annum.
The club made solid profits in the current financial year and so will also pay increased taxes. Like a good father, the club will make increased prepayments of taxes on profits. So we will also transfer that upfront payment at the shortest possible time of one week to avoid tax increases.
So you can help Union by:
- By investing before 18 June through Look&Fin's secure online platform. The minimum investment amount is €100.
USG is classified by Look&Fin in risk category A (Secured) and offers an interest rate of 6% gross per annum over 3 months (bullet loan). However, we remind you that a loan to a company carries the risk of not achieving the expected return and/or losing all or part of the capital. We therefore invite you to read the information sheet on Look&Fin's website and diversify your investments.
More information on Union's financing project is available on Look&Fin's website.
This is a publicity announcement. Lending to SMEs carries a risk of capital loss. For individuals who are tax resident in Belgium, interest received is subject to a 30% withholding tax. No prospectus will be published. The information memorandum (KIIS) can be consulted here and it is recommended to read it before lending. The minimum subscription amount is €500 (€100 for a first loan) and the maximum amount is €100,000.