What types of financing can I find for my SME? What is Crowdlending, a line of credit and an online loan?
If you have a small or medium business, it is convenient to have several types of financing. That they grant you methods of economic aid at the time of an emergency or in case of lack of liquidity. Here we present three types of opportunities where you could get benefits.
In Spain every day more different ways of obtaining money are looked for. It is not surprising that these methods have evolved rapidly. The crisis that the country experienced during the last 10 years has led us to look for different ways to survive. Bringing afloat companies that could be clearly broken today. Globalization has also helped in this process. We have learned from other countries that were pioneers in this type of alternative methods. That not only benefit the SMEs, but also the creditors. Taking out the hegemony that the banking entities had over the control of loans, credits and other ways of financing.
The Bank of Spain has indicated on several occasions that they have been constituted with firm step and good receipt by the population.
If you are looking for something different from the bank loan. We will present three ways you can get money for your company. Without having to resort to your bank. The loans for online companies. The lines of credit granted by private financial companies and crowdlending. With these you can easily inject capital into your business at any time. It does not matter if it is to solve a problem of lack of cash flow or to promote a new project.
Loans for Companies New Way Online
You have a small company and every time you arrive at the end of the month you are late in payments to suppliers or with taxes. Sometimes your clients pay you invoices at the wrong time and this causes an imbalance in the capital that they manage even to pay payroll. Or maybe you want to invest in that project that can grow your business and give you much more money with significant return on investment.
You can go to the bank and start the procedures for a loan. However, this only works for situations where you can wait for bureaucratic procedures. You can also search for loans for online companies. They are a quick way to get money without having to go to the bank. The best thing is that there are many credit offers that you can take advantage of. If you take the time necessary to surf the internet. These financial companies not only provide personal loans of low amounts even with Financial Credit Institutions. But they also offer different online loans for companies, entrepreneurs and people with new projects.
How it works, start by defining the amount you need. Then give yourself a few minutes to read the conditions of each online loan for companies that can serve you. Apply for one or several at the same time. Usually, they give you an answer after one minute, at the latest the next day. When approved, follow the steps to validate the loan. Ready the money arrives in your account the same day. With this you can solve any outlay of money that you have to make urgent. No more paperwork or paperwork than the one described above. Very useful in cases of emergency or to take advantage of an opportunity. As for example the purchase of raw material or goods at a good price.
Loans for Small or Better Companies. Credit lines.
What is a credit line ?. They are a kind of open account where the company can withdraw money as a loan up to the amount set by the financier that grants it. It is an easy credit in which you will only pay for the amount you used for a consecutive month.
For example: You obtained a line of credit for 10000 euros per month. It could be that you do not use anything of that amount and there would be no problem. Follow the line open for the next month. In which you had to use 2500 euros to give temporary liquidity to your business. Then you must return only the 2500 euros you used along with your interests. You will pay a little more but it will have been worth it since you got out of your financial trouble or used it to good advantage.
Lines of credit are offered by any financial institution. In the case we are dealing with, the same companies mentioned above are those that are providing credit lines for companies. They are processed completely online and can be acquired by any SME that meets the minimum requirements.
Undoubtedly it is better to have a line of credit if it is small amounts that can be returned in days. It is not worth going through the process of applying for a loan over and over again. When you can operate immediately with the money made available. For instant use and with friendly conditions to pay for the amount used.
Many companies use this type of financial leverage today. Your company can obtain more benefits by becoming a fixed client of one of these financiers, finding out is your prerogative.
Crwodlendig instead of Loans for Companies in Crisis
What is crowdlending? It is called this way to the system of financing by means of the loan of a capital to a company (it can be also, people or group of people with a project). The creditors are mainly made up of private investors or other companies. These seek to support with money given as a loan, in exchange for certain interests.
The transaction is made through a mediating platform. This one exposes the particular cases that seek loans and monetary support. It does not matter if they are companies or natural persons. Those investors choose the case to which they want to inject money. A third step would be the negotiation between lender and borrower about the conditions and terms of this loan, helping as a mediator the platform in which they were connected. Once both parties have agreed on all the details, the capital is disbursed. That will be paid according to those established between parties and regulated by the mediating platform.
In Spain, this form of financing has boomed in recent years. If your company is facing a crisis but has the potential to get out of it with an injection of capital. You have many chances to get the money you need through this non-traditional method.