Commercial loans differ from ordinary personal loans not only in the amount of the amounts, but also in the claims of banks regarding repayment.
Most commercial loans are used to make larger purchases for your own company. Self-employed workers who seek a commercial loan often find themselves in a strong obligation to justify banks in order to convincingly communicate their creditworthiness. If the application for a commercial loan is successful, the entrepreneur usually binds to the lender for a longer period of time.
Sometimes self-employed people only need a small business loan
Not every commercial need for money has to last for a long time. Traders can also easily find themselves in the situation of only having to finance themselves in order to keep their cash flow up and running, should customers pay bills late. This is a problem especially for smaller companies, but this can be solved in the short term. In this case, for example, a commercial loan with a term of more than two years is not absolutely necessary. With its short-term commercial loan with a term of only 30 days (with a 2-installment option that can be extended to 60 days), BankFit explicitly addresses small businesses and self-employed persons who only need to temporarily finance interim financing.
Examples of short-term commercial credit needs situation
- A restaurant owner often has to pre-finance a larger number of sales by credit card payments up to the credit. In such a case of need, he does not need a commercial loan with a term of more than 2 months.
With its short-term commercial loan, BankFit provides a perfect product to bridge a short-term shortage up to credit.
- Retailers sometimes have the opportunity to greatly increase their profits through remaining stock purchases. In many cases, however, it lacks the funds temporarily needed to strike at a bargain can. The net profit would necessarily justify the investment.
A loan-up business loan for small business owners would create a win-win situation in which the retailer could increase its profits through short-term business credit.
Commercial loan for self-employed in just 30 minutes
The second example shows just how important sometimes fast access to only short-term capital can be.
BankFit serves this need by the self-employed can add Express Option his business loan through which the commercial credit can be completed within half an hour and dependent and thus gives the self optimal flexibility that is so hard to find in the German banking landscape.
Pay back commercial loans in just one or two installments
As mentioned above, the case of an order refinancing can also be the cause of a required trade loan. This means that to be able to fulfill a new order requires the payment of the outstanding invoice from another customer. With a Eicredit commercial loan from BankFit you can meet this financial gap relaxed. If the customer’s payment can not be expected within a month, the 2-rate option is an ideal tool to handle this situation.
Directly on the computer on this page, you can see the desired amount and the required running time and immediately overlook all the costs incurred.