Percent

Percent is an accredited-only marketplace for private credit, the loans that non-bank lenders make to small businesses, consumers, and fintechs. It is not a fund and not a savings product. You buy individual notes tied to specific borrower pools, most maturing in 6 to 36 months, at a $500 minimum per deal. That low entry point and the short durations are what set Percent apart from the rest of the accredited alternatives world. The numbers Percent reports look attractive on their face. For the twelve months ended March 31, 2026 the platform reported a 14.6% net return after losses on its asset-backed deals, or 13.7% after both losses and fees. Live coupons run roughly 10% to 20%, with a weighted-average yield around 14.4%. Percent says it has funded more than $2 billion across roughly 1,000 deals since 2018 for about 45,000 investors, and reports a charge-off rate under 1%. Treat all of these as platform-reported, self-calculated figures, not audited or third-party-verified returns; some independent reviews cite deal default rates closer to 1.9% to 2.5%. The fees are simple but real. On most single deals Percent takes 10% of the interest you earn as an investor service fee, so a 15% coupon nets closer to 13.5% before any losses. Its Blended Notes product, which spreads money across multiple deals, carries roughly a 1% management fee instead. The risks are the honest headline. The underlying borrowers are non-bank lenders, the riskiest end of private credit, and the collateral includes merchant cash advances, consumer loans, small-business credit, and Latin American fintech paper. Individual deals do default and go into work-out; Trustpilot reviews in 2025 and 2026 describe investors holding several positions in work-out at once, slow or stalled payouts, and doubts about the depth of Percent's borrower vetting. The sub-1% loss rate also spans only one credit cycle, so it has never been stress-tested by a real downturn. Liquidity is the other catch, though it is changing. Historically there was no way out before maturity. In February 2026 Percent launched a secondary marketplace, but it runs on indications of interest between accredited investors rather than a guaranteed order book, so you should still plan to hold every note to maturity and treat any early exit as a bonus, not a right. How it compares: the closest peer is Yieldstreet, now rebranded Willow Wealth. Yieldstreet spreads across roughly ten asset classes including real estate, art, and legal finance, but asks $10,000 on most direct deals, twenty times Percent's floor. Percent is the more focused, lower-minimum, shorter-duration choice if you specifically want private credit; Yieldstreet is the pick if you want one login across many alternative asset types. For hands-off, diversified exposure without picking deals, a listed BDC or an interval fund is the lower-effort alternative to both.