What are the risks of getting a microcredit?

Microcredit is not free money! So it is very important to consider what your business needs, what you will be able to repay, and how your personal expenses and circumstances will affect this.
To avoid your debt grow, you need to consider:
  • Interest Rate: Microcredit is not free money, so it always has an interest rate associated. impactMarket microcredit offers you a fixed tax, but your debt will increase daily.
  • Repayment Date: it is very important to repay the debt on time to avoid extra fees and more debt.
  • Credit Use: Microcredit should only be spent on items that will help you create more sales and profits.