Each lending institution must, on some basis, decide on granting or refusing a loan. The number of formalities can be reduced, but never to zero. The following text describes several different options that banks and parialers can use in their offer.
Credit with a minimum of formalities
It is possible for a bank or parabank to grant a loan only on the basis of information from BIK. In principle, this step, or verification of credibility, is neglected only by very few institutions. A high credibility rating is necessary, but it is usually not enough to get a loan. Most often, this is just one of several necessary conditions. Alternatively, if the credit history is assessed in the CD range, you can count on a loan if you own a plot, flat, house or movable property of a significant value (eg a new car). Of course, the amount of credit possible to obtain is a completely different matter.
Credit for the client
As a proof of the company’s solidity and solvency, banks can use the history of a company account. Not only that – some banks are even more flexible and are able to calculate the creditworthiness of a sole proprietorship based on the history of a private account. In this case, the only formality is the application and the fulfillment of a few simple statements – most of the data the bank has at its disposal (address, marital status, etc., because this data was necessary to set up an account).
Such a loan is made available to customers who run the business for at least several months, because the account history is simply not meaningful before. In any case, start-ups are difficult to obtain additional funds and the only source of financing may be parables.
Cashbox from parabank
Parabanks are more flexible than banks, which is why almost every company can count on loans. Of course, the cost of such a loan will not be low – the parabanks are not generous, let alone magnanimous. Profit is a key issue here, so this option is used by either very profitable start-ups or companies that have some success in a short time. N certainly can not count on the fact that a loan of this kind will be able to finance investments with a long payback period – such a delay for companies may be an alternative to factoring, if it is too late to look for an institution that would buy an invoice.
Loan for companies without financial documents
Online cash loan for companies without collateral, without financial documents, without Social Insurance Institution, US. No formalities, requests, etc. – the client does not leave the house, everything takes place online. Accepted internship from the first day of operation. The loan is granted on the basis of turnover from account / accounts (accepted company, private, joint and currency accounts) – there may be several of them. The Idea Bank loan is the easiest way for easy and quick money for clients running their own business at the moment.
Companies are treated by banks differently than consumers. This means, to a large extent, increasing the diversity of offers, as the entrepreneur is not subject to the protection provided for the consumer and the banks can tighten the credit repayment terms and conditions for its granting, while minimizing formalities. Anyway, similar loans are available for private customers, but the structure of the contract looks different here, of course.
In fact, none of the loans runs completely without formalities – you can limit their number, but the bank will always seek to gain insight into at least part of the company’s finances, but it can do so in various ways and not only through the analysis of books, certificates and financial documents. – just a statement or account history, because the first is equivalent to a certificate, and the other is simply a practical confirmation of the company’s capabilities. This arrangement allows you to quickly find financing, but you need to carefully compare prices, because you may find that comfort is not cheap at all.