Also, owners or directors of a successful and established company may occasionally be embarrassed to have to bridge a short-term financial bottleneck or cover a temporary additional financial need. It can happen at any time that payments from customers take longer than planned or unexpected expenses such as repair costs burden the budget in the short term excessively. Perhaps it is only a matter of covering the procurement of material or equipment for a lucrative contract with interim financing of a few thousand euros.
In such situations, a long-term installment loan is often counterproductive, especially as banks show little interest in lending to smaller companies, and with short maturities. Banks like to tie their customers longer. A long-term business loan to a commercial bank also means a long-term commitment to the lender and at the same time a loss of flexibility. The solution would be a flexible loan for entrepreneurs, which can be repaid with the next receipt of money.
BankFit offers a fair alternative
A short-term loan from BankFit offers the ideal alternative to a business loan with the house bank or another commercial bank. BankFit lends short-term and uncomplicated loans to companies with flexible loan amount between 1,000 and 10,000 euros for a short period of 7 to 30 days. Optionally 60 days can be arranged for the repayment.
Unlike a installment loan, the small loan for companies repays the loan amount until the due date in a sum. For you, as an entrepreneur, this has the advantage of being able to flexibly cover short-term additional financial requirements while preserving your liquidity. You do not enter long-term commitments with BankFit.
Apply for a loan for businesses online at BankFit
Anyone who wants to get credit from BankFit as an entrepreneur in order to bridge a financial bottleneck or to be able to finance interim expenses does not have to go through a lengthy application process and master bureaucratic hurdles, but can apply for credit online at BankFit.
A precondition for the granting of an entrepreneur loan is that the company exists for at least one year, generates an annual turnover of at least 50,000 euros and that the entrepreneur is personally liable for the company credit.
Fast, uncomplicated and transparent – BankFit Corporate Loan
On the BankFit website you will find a handy loan calculator. Using the appropriate slider, you can choose the required loan amount between 1,000 and 10,000 euros and set the duration until repayment. Immediately you can see what costs and fees you have to expect. These are fixed – there are no initial costs and there are no hidden costs added.
If the award criteria are met, you can already have the desired amount 3 to 4 days after the application has been submitted. With the express option, this is even possible within 24 hours.
Your responsibility as a borrower
A short-term loan is an effective tool for companies to quickly and easily close temporary financial gaps of a few thousand euros without sacrificing flexibility. If the repayment is reliable, it is even possible later to lend larger sums of up to 20,000 euros to BankFit. This ensures even more flexibility.
Even if the entire application for a short-term loan for companies is quick and uncomplicated, you should be aware of your responsibility and in fact only borrow as much as you can repay on the agreed date.