Monday, October 19, 2020
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Short Term Loans B2B for Self Employed

Flexibility and independence are essential criteria that make a company successful. Only those who can react quickly and flexibly to market opportunities are in the lead today. This applies to the self-employed, freelancers, SMEs or large companies alike. Flexibility is particularly important in the event of sudden funding needs for order bridging, repairs or replacement of essential work equipment. In some cases, one does not avoid the short-term borrowing. Not infrequently, just a few thousand euros are sufficient as a short-term loan for a few days until the next payment. But here lies the difficulty for many self-employed, small business owners or founders.

Short-term loan with BankFit as an alternative to bank credit

Short-term loan with BankFit as an alternative to bank credit

Anyone who, as operator of a company, a self-employed person or a small business owner, has ever been in the situation of having to apply for a loan from the bank, will know the cumbersome and usually tedious procedure of the application and approval procedure. Often several on-site appointments in the store are necessary to provide balance sheets and receipts and, above all, patience is required. From application to approval, it can easily take several days and more time passes before the money is released. Apart from the cumbersome procedure, the outcome for the applicant is often more than uncertain. Many established banks are extremely reserved when it comes to providing short-term loans to self-employed and start-ups or loans to freelancers.

Otherwise, however, the Berlin provider BankFit. Business customers who need to bridge a tight financial shortage and need a short-term loan can find a perfect alternative with a short-term loan from BankFit.

BankFit Short Term Loans: Innovative Short Term Credit Concept

BankFit Short Term Loans: Innovative Short Term Credit Concept

BankFit establishes an innovative concept of short-term credit over the Internet. Business customers, especially the self-employed, small business owners and freelancers who have been in business for a while, can apply for short-term loans online here. With BankFit, you have the opportunity to borrow exactly as much money as you need right now, without having to grant credit to specific uses. The industry does not matter either. Whether you are a retailer, craftsman, restaurateur or media service provider, you can always apply for short term credit at BankFit. When awarding short-term loans, the provider maintains fair and transparent conditions and refrains from lengthy bureaucratic approval procedures.

Transparent conditions and adjusted credit criteria

Transparent conditions and adjusted credit criteria

The well thought-out concept and the specially developed internal scoring system for risk assessment enable quick credit approval decisions. Thanks to the credit criteria modified on short-term loans, even medium-rated companies have the opportunity to use short-term loans. At the same time, BankFit does not give short-term loans lightly, but presupposes certain criteria. So your company must exist for at least a year and generate an annual turnover of at least 50,000 euros. In addition, a positive cash flow and the full liability of the entrepreneur for the loan amount are required. If you meet the conditions, you may already have the loan amount a few days later.

BankFit: Apply for a short-term loan at the click of a mouse

BankFit: Apply for a short-term loan at the click of a mouse

BankFit’s short-term loans offer many advantages over other credit offerings:

  • no cost and no hidden fees
  • transparent and fair conditions
  • easy and quick application, short-term credit decision
  • flexible use of the loan amount
  • Securing liquidity without a long-term contract

The application is done in a few steps. With the online loan calculator, you set the loan amount in the range of 1,000 to 10,000 euros and the duration of 7 to 30 days. The conditions are listed immediately. Now you can add chargeable additional services such as express option or 2-rate option with 60 days payment term. Again, there are no hidden costs. After entering some key data, send the loan request. Only a little later you will receive a confirmation e-mail and the necessary documents. Usually, as a customer, you can already have the money with BankFit after 3 to 4 days. If you use the express option as a borrower, the loan amount is often ready within 30 minutes.

Short-term loans, such as those provided by BankFit in the form of short-term microloans, are just the right tools to provide extra emergency liquidity without long-term borrowing.

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