A credit product is a term that we use to describe, for example, a credit card or invoice factoring and the process and parameters involved in offering this product to consumers or businesses.

You can think about credit products on the Sivo platform as a folder and sub-folders that contain information relating to risk, underwriting and reporting for a specific lending product that you offer.

The information contained in these folders help Sivo provide you with debt capital and increase leverage over time.

Credit product structure

Using our folder analogy above, a credit product is structured like this:

  • Credit product name: FSU credit card

    • Credit policy view

      • Parameters that define your lending product, for example, where you offer the product, who you lend to and the maximum amount you’ll lend

        • This information is collected via questionnaire and displayed for future reference

    • Credit applications view

      • Information you collect from borrowers applying for your lending product or if you’re pre-qualifying existing users, information about those users

        • When you upgrade to a Level II credit product, you’ll send this data to Sivo programmatically

          • A schema that tells you what data to send to Sivo is automatically displayed when you upgrade to a Level II credit product

    • Originator loans view

      • Information about the loan you’ve made and your borrowers repayment history

        • When you upgrade to a Level II credit product, you’ll send this data to Sivo programmatically

          • A schema that tells you what data to send to Sivo is automatically displayed when you upgrade to a Level II credit product

    • Draw downs view

      • Withdrawals you’ve made from your Sivo Debt line to fund this lending product

        • We display all your drawdowns in a table. Click any of them to display the terms of the draw down

In order to access debt capital from Sivo, you’ll need to create a credit product or add one from our credit product library.

To keep things simple, we have two types of credit products.

Level I

The purpose of a Level I credit product is to get debt capital into the hands of lenders (whom we call originators), quickly. It literally takes minutes to create a Level I credit product and draw down funds from your Sivo Debt line. A process that can take months or even years when dealing with typical sources of debt capital.

Learn more about Level I credit products.

Level II

The purpose of a Level II credit product is to enable originators to increase leverage (how much they can borrow) from their Sivo debt line. Originators do this by providing Sivo with data including credit applications from borrowers and repayment history.

Sivo debt lines typically start out as 1:1 leverage with a limit that reflects the available balance of your Sivo Cash account. If the balance of your Sivo Cash account is $1,000,000, a Level II credit product will help you 2x, 5x or even 10x your borrowing.

That 10x example would mean that with a $1,000,000 Sivo Cash account balance, you could borrow $10,000,000 from Sivo.

Learn more about Level II credit products.

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