Enterprises in their activity often encounter various obstacles. Almost 21% of Polish companies are struggling with the trouble of rising expenses, but stagnation of profits. Regulatory restrictions and administrative costs constitute a barrier that particularly hinders the high growth of enterprises. Fast development of the company is also not possible without adequate capital. Effective solutions that allow you to get extra cash play an important role here.
The non-bank loans sector supports entrepreneurs
The credit process in the bank usually takes weeks. Analysis of the document files to be provided when applying for a loan takes, in a colloquial way, light years. What if the entrepreneur needs quick access to extra money? What happens when you lose your financial liquidity and are forced to ask for help? Big and stable non-banking institutions come to the rescue, offering fast, safe loans, transparent conditions and the lack of tedious procedures.
Many people may ask themselves whether non-bank loans for business are a good solution. Our fears are unjustified and every person who is intensely thinking about starting their own business should get acquainted with numerous offers of loan companies. The more so because the lenders meet and notice the potential of entrepreneurs. Until recently, big concerns were raised about enterprises and they were not trusted as much as individual customers. It is worth getting acquainted with offers of non-bank loans for companies, because in an emergency situation they may turn out to be the only way out.
Terms of loans for companies
A non-bank loan for companies can be obtained on the basis of a certificate of income. From 3 to 6 months – such a period of company’s operation is usually desired by non-bank institutions. Whereas recently, the lending industry has begun its activity in the lender, who are determined to grant a loan to the company from the very first day of its operation. Most lenders, especially for large sums, require collateral, e.g. in the form of a mortgage. However, on the Polish market, more and more often offers unique proprietary offers, for which just an identity document and some basic information about the company are needed.
As for the parameters of loans for companies, they are shaped differently and a lot depends on the lender on whom we decide. Cryptobank for business will lend us PLN 100,000, but only for 24 months. The short loan period has its advantages, but it has to be taken into account that the monthly installments of liabilities can be quite high.
If we need a larger injection of cash, we should try to get a loan from Credit Company or from the Micro Fund – both loan companies offer a loan of up to PLN 200,000. An interesting offer is also presented by the Mikro Initiative, where we can make a commitment of 120,000, and the maximum lending time is 60 months. However, if our needs are small, it is worth getting acquainted with the Visset offer, which offers us a 30-day reminder worth PLN 5,000.
Loans for Start-Ups
A good business plan, but no ideas for its finalization? Even for the fledgling companies, offers are worth noting. Until recently, the attempt to work on one’s own account resembled a vicious circle – the bank required showing income and broadly understood creditworthiness, but from where the start-up entrepreneur was to take the income history of a non-existent company. The basis of all business activities is the ability to plan, determine the right direction of development and ensure its financial liquidity. In the era of economic crisis, it is not easy to obtain a source of additional funds. When the banks give up unreliable customers, the non-bank loan offer comes to the rescue.
The start-up loan is not the only solution. If our idea for your own business is interesting and innovative, we can apply for EU subsidies. The special program “Start in Poland” concerns such stages of development as: identification of an innovative idea, access to the know-how of large companies, financial support or commercialization of solutions. Thanks to the financial assistance of European funds, young companies have a chance for rapid and resilient development.
Types of loans for companies
Some lenders have various types of loans available. The entrepreneur can decide which option best suits his business needs and what loan he would like to take. Among the offers of loan companies, you can distinguish:
- an investment loan that finances the company’s investments;
- a revolving loan whose task is to cover the company’s current expenses;
- a payment loan, helpful for maintaining financial liquidity;
- bridge loan, which serves development after obtaining the recommendation;
- technological loan supporting the development of production technology.
The main advantage of the loan is the possibility of extending and renewing the obligation repeatedly without the need to repay the debt immediately. Flexible amounts and repayment periods are also a nod to the borrower. Everything to support the development of the Polish entrepreneurial market. Therefore, if we decide to take out a loan, first of all we should become familiar with the wide range of lenders.
We will receive a loan for companies, including from Cryptobank for business and Mikro Initiative. These lenders solve their popular entrepreneurs’ problems with their offers. Cryptobank for business offers a loan from the very first day of operation, and the Mikro Initiative provides for the possibility of suspending the loan repayment for 12 months, and this is a great convenience if the company’s turnover decreases.
The easiest way is for SMEs
According to recent research, the sector of small and medium-sized enterprises accounts for approximately 99% of all companies on the Polish market. It is the SMEs that have the biggest impact on the Polish economy – they not only generate nearly 70% of national GDP, but also provide employment for up to 6 million people. It was expected that the crisis in Ukraine and the embargo on Polish food products to Russia would negatively affect the situation of our small and medium-sized enterprises. Nothing could be more wrong. Polish companies did exceptionally well during economic turmoil and proved their stability. However, even such thriving enterprises that are able to survive the biggest storm, have trouble maintaining their financial liquidity and, often, apply for a commitment. Where? Just to non-bank institutions, because it’s here that they save their time, nerves and paper. The lenders come to help small and medium companies and prepare a special offer for them. Loan companies are realizing that without the SME sector, the Polish economy would have no reason to exist.
Loans without BIK – are you sure?
Credit Information Bureau is a treasury of knowledge for banks and an oracle for borrowers. It is an institution that watches over the safety of participants in business transactions. In such a register there is anyone who has any past credit history – regardless of whether he took an installment loan, whether he used a credit card or played the role of a guarantor of another borrower. Thanks to BIK, banks eliminate dishonest clients.
How not BIK is what?
And what about loans? How do loan companies cope with controlling the credibility of their clients? Some non-bank institutions do not have access to the BIK database. However, they do not work in the dark and do not give credit for nice eyes. A large part of this type of company uses registers of unreliable debtors, such as KRD. Private lenders rarely require certificates of non-payment with ZUS and US payments.
Often the requirement is handy
In advertising of fast online loans for companies, we can see the information that we will get a loan without BIK. However, it should be mentioned that not all companies can receive this type of commitment. What conditions must be met? For the most part, small companies may try to get a loan, which, yes, they have delays in BIK, but not longer than 60-90 days. An additional hidden fact in the advertisement is the matter of the required surety or collateral in kind, which usually must have 70% of the loan value.
The minimal period of existence of the company
It should also be added that such loans do not exceed PLN 100,000. zł. No entrepreneurs who are only at the beginning of their business path can receive a loan without BIK, because a minimum period of existence of the company is required, which is usually 6 months. A loan company that does not require BIK certificates and documents confirming the amount of income or PIT for the previous year is the Credit Company.