Do you need a business loan soon? For many entrepreneurs, it is still quite difficult to borrow money. Sometimes it’s like looking for a pin in the haystack.
You have to meet a huge number of conditions at most banks if you want to be able to take out a business loan or credit. We have selected things for entrepreneurs and found that you can view your application faster through a smart system.
Apply for a small business loan online here
At banks and many lenders, you end up in a time-consuming procedure if you, as an entrepreneur, apply for a business loan. With our online business loans, which are available via OakParkFinancial, however, you have the guarantee that your application will be evaluated at lightning speed. All applications from entrepreneurs are in fact automatically analyzed with which an expert finally advises them. This has the advantage for you that you may be accepted much faster and therefore can use your business credit faster.
Borrowing business money appears to be very difficult
More and more often we hear reports from frustrated entrepreneurs that they can’t borrow money anywhere.
It is difficult for many freelancers and SMEs to convince banks and lenders that they can meet the obligations associated with borrowing money. It is traditional lenders and banks in particular who have difficulty in lending to businesses.
Difficult for the self-employed
Small self-employed people or new companies, in particular, can usually shake it. Still very strange, especially when you realize that the Dutch economy is dependent on freelancers and SMEs in everything.
They are the engine of the economy. Did you know that sixty percent of entrepreneurs in the Netherlands are looking for corporate finance? And that a large percentage ultimately fails? Good Finance does not think this is possible. With them, the chance that you will be accepted as an entrepreneur is much greater.
Lower interest with Good Finance
We found that the chance of low-interest rates is greatest at Good Finance. Compare their interest rates with other banks. You take out flexible loans with them with a maximum of € 250,000. You could use this amount as a bridging loan. Build up a product stock or purchase goods (such as machines, company cars, etc.) that you need to further expand your business. The minimum amount to be requested has been set at € 10,000.
Conditions that you must meet for business credit
The conditions for companies and entrepreneurs to borrow money are often stricter than for private individuals. For example, you must always hand over your annual figures for the past 2 years (if you don’t have one, you can’t borrow), be registered as a company in the Netherlands and have had your company for at least two years. These conditions also apply to a business credit that you request from Good Finance. You must also have a turnover per year that is not lower than € 200,000. Finally, you must have a Dutch business account.