Apply for a business loan? Easy to borrow from $ 2,000 to $ 50,000.
Are you an independent entrepreneur and do you need a cheap loan quickly? Then a business loan can be the solution for you. Fortunately, many options for a business loan have been added in recent years. While it is becoming less and less easy for private individuals to take out a loan, it is becoming increasingly easier for the self-employed. Applying for a loan is now arranged within 5 minutes. You can even have the payment of your business loan in your account within 24 hours after the application. And that also under favorable conditions.
Business loan features
To quickly clarify how much easier it has become to take out a loan, below are some features of the “new loan”
- Apply within five minutes, no paperwork or interview.
- No paperwork.
- Approval based on cash flow, not just based on credit history.
- Customer service to help you further in the application process.
- Minimum loan amount $ 2,000 maximum $ 50,000.
As you can see this is a lot easier than it has been in the past. When borrowing money for the self-employed, the cash flow is therefore more important than other matters. In addition, the speed has improved significantly. Where in the past it was not possible to take out a business loan within a few days, it can now “just” be arranged within 24 hours.
Cost of the loan
An important question is of course what the costs of such a loan are. In addition to one-off closing costs, you also have to pay interest on the loan. To give you a better picture, we have included a table below. You can then easily and quickly check whether borrowing money in this form is a good form of borrowing money for you.
|B2 Business Loan – business loans, examples|
|Loan term (months)||6||9|
|Example of borrowed capital||$ 15,000||$ 25,000|
|You pay for every euro borrowed||$ 0.17||$ 0.24|
|Total loan costs||$ 2,550||$ 6,000|
|Administration and application costs||We charge a one-off supplement of 2.5% per loan.|
Business loan and BKR
The nice thing about this form of borrowing money is that borrowing money without BKR testing is. There is no review at the BKR, and no BKR registration. So you will not be bothered when it comes to borrowing money with a negative BKR registration. As indicated earlier, this form of borrowing money is therefore a real business loan. Your company is carefully considered. Is your business a thriving business? Then this form of borrowing money is no problem for you. The main focus is on the cash flow.