Accept Offer and Borrow

Borrowers can borrow the loans that have active offers drafted by the relevant First Loss Capital Provider and agreed upon by the lenders. (See Draft Offer, Lender Voting, Offer). Borrowers must inspect the loan parameters before borrowing as the parameters may have been changed by the First Loss Capital Provider since the Borrower submitted a request. Borrowing is exclusive to the Borrower and the transacting address must match with the one recorded as the Borrower in the original loan request.

Borrowing a loan will transfer the allocated loan funds, in full, to the Borrowers wallet (i.e. partial withdrawals are not supported). The loan in question will obtain an Outstanding status.

Current outstanding loans count and borrowed amounts are Borrower statistics and are publicly visible.