Weemba is an online financial community that revolutionizes the way Borrowers and professional Lenders find each other and interact. Weemba connects commercial and individual Borrowers with professional Lenders in a non-traditional “social network”-like format without regard to limitations of time and geography. Utilizing unique proprietary methods and state-of-the-art safeguards, Weemba exponentially increases the likelihood of successful financial outcomes for its members, both Borrowers and Lenders.
Borrowers create a profile and post a project in hopes of obtaining financing from one of the many Lenders registered in Weemba. Besides the reason for and amount of a loan, profiles may include everything from the Borrower’s income, education level and veteran status (Individuals) to their number of employees, annual sales or revenues and articles of incorporation (Businesses).
Lenders will be able to search projects created by those Borrowers and narrow them down by a wide range of criteria, including credit score, amount needed, location and purpose of loan; searches can be as broad or specific as the Lender chooses. When a Lender finds an interesting project, the Lender then may ask the potential Borrower for access to their real identity, as well as private details about the project.
If the Borrower grants access to the Lender, all further contact and any negotiations take place outside Weemba.
Unlike other lending-related websites, Weemba allows Borrowers to post for both individual and business loan needs, including mortgages, factoring, accounts receivable financing, purchase order financing, student loans, health care loans, car loans, boat loans, reverse mortgages, refinancing loans and much more.