November 1, 2017 Every fourth company closes due to limited access to the so-called external financing. It is worth noting that loan companies in the assessment of creditworthiness are not as restrictive as banks. Moreover, some non-bank institutions grant loans to businesses operating for just one day. Therefore, loan companies are a great alternative to bank loans. Our monthly ranking is the best way to find the best loan for your business.
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Positive customer reviews have also influenced such a high position. The minimum loan for a company is PLN 1,000, the maximum is PLN 10,000. The borrower can choose the loan period. Repayment times range from a month to 24. Cyro for business according to Loan Magazine is the business loan company of the year.
The second position in the ranking of loans for companies belongs to Aforti Finance. The institution grants the highest loans in combination. The amount of the liability may be even PLN 100,000. It is worth noting that the products provided are targeted at many types of business entities. The loan can be used by: sole proprietorships, civil law partnerships and limited liability companies. The loan is granted for any purpose. Repayment time – from 6 to 24 months.
Paseors took third place in our monthly ranking. The maximum amount of the liability is PLN 25,000. An undoubted plus of the offer is the quick decision on granting the loan. The lender transfers money even within 10 minutes of completing all formalities. The repayment period is 24 months. The advantage of the offer is a relatively low interest rate. The total monthly cost is 9.9 percent.
Further places outside the podium
compact position went to Iwoca. A non-bank institution assesses the repayment capacity based on the company’s financial results. Credit history is of little importance. The loan amount is between PLN 5,000 and PLN 150,000.
The fifth investment belongs to Pisset. It is worth noting that the institution provides the first free loans up to PLN 1,000. The commitment amounts are relatively low. They range from 300 to 4000 PLN. The loan period, regardless of the loan amount, is fixed. Is 30 days.
Sixth place went to Autokapital.pl. The maximum loan amount is PLN 100,000. The repayment time depends on the amount of the liability and is – 12, 24, 36 or 48 months. It is worth noting that the institution grants loans for the purchase and against a car. The Ranking of business loans closes the Monument Fund. The lender grants very high amounts – up to PLN 500,000
Financing the biggest problem for small businesses
According to statistics, 80 percent. start-ups collapse in the first two years of operation. The reasons for this are: low capital and unclear tax regulations. Young enterprises have limited access to banking products – corporate loans or cash loans. It is estimated that the inability to commit to business development is the reason for the fall of 25 percent. activity. It is worth knowing that loan companies are much more lenient about creditworthiness than banks. Interestingly, they grant loans to entities operating for just one day.
To finance the needs of business, you can use loans to individuals. Interest payday loans or installments are an interesting alternative. The best offers can be found in payday loans and installment loan rankings.