Wait a minute, ie quick loans granted to those who could have a problem with receiving money from a bank, are associated primarily with the so-called retail sector. Firms lending small amounts of money for a short period of time specialize primarily in servicing private individuals. However, the segment of quick loans for entrepreneurs has been developing quite strongly for some time.
Fast cash also for companies
The target group is the common denominator of the offers. To run for such an old loan you need to run a business. And, what is important, it must be a one-man operation. In our country this group is as much as 95 percent. segment of microenterprises. They are the ones who have the most problems with access to external financing. If you go to the bank, you hear that the company must operate for a minimum of 12 months, provide numerous safeguards and wait for a decision of at least a few days. These entrepreneurs are primarily owners of small neighborhood stores, hairdressing salons.
Money in 48 hours
It is a maximum of 48 hours. If the money is borrowed by the consumer and not the owner of the company, he can get the money practically from his hand. Where does this difference come from? First of all, there is an additional document to be verified. The speed at which the loan is granted is also influenced by the way the payment is made: to the account or through a representative. The variant with overflow extends the whole procedure by day. Here you need to submit much more documents. These include utility bills, a certificate of non-arrears in social security contributions or confirmation of payment from the last 3 months.
Lender gives entrepreneurs the option of using assistance insurance. As part of the package, the entrepreneur can count on legal and tax telephone information provided by lawyers, as well as accounting information provided by telephone. For this, unlimited economic information. Lender’s customer can also count on the help of an IT specialist, locksmith, plumber, electrician, roofer, bricklayer, glazier, heating and air-conditioning equipment technician. He can also take advantage of the supervision or transport of property, service of office equipment. The insurance period begins on the next day after the day on which the insured concluded a loan agreement and continues until the end of the loan agreement. Companies advertise the possibility of flexible repayment.
The entry of brands into the micro-enterprise service segment is a risky move. Even for banks that scan their clients extremely accurately, people running a business are a segment of ‘uncertain’ clients. But that’s why all can succeed. Especially, that many entrepreneurs are still struggling with the problem of unpaid invoices and payment hold-ups. Considering that the clients of “instantaneous” companies are an increased risk group, proposing such a product to entrepreneurs can count on increased revenues.