Although at MaoriArt we can say we are more focused on loans to individuals, we also offer loans for companies .
Next we are going to write an article stating the different alternatives that you can get if you seek to sign a business loan .
As you will see, some of us process them from our company while others, on the contrary, we do not.
Likewise, and as we always do, we are going to show you the financial options that we consider most important with the idea of advising those who read us.
I hope that through this article we can help you in your search for business financing.
Existing Business Loans and Alternatives
Within the loans for companies we have to differentiate those that are seen 100% as credits with those that really are not.
Because when it comes to talking about business financing, we really would not have to talk only about financing that accrues interest rates.
There are many other options to finance a business where the creditor does not apply interest rates.
That is why at MaoriArt we say that it is necessary to differentiate between both types.
Among the business loans that we can name we can find both bank loans and those signed through private capital.
The difference is in the type of financier that makes the loan.
When it is a bank that lends the money, it will normally do so through the credit lines created for them.
In this sense, the loans for companies processed by banks have been greatly reduced after the last financial crisis, but they can still be signed.
In fact, we can say that it is easier to access business loans by bank than through private finance companies.
Companies that make private loans or private equity usually always require guarantees, so in the end this option would not be the ideal option for applicants in our opinion.
Business loans and financing conditions
Depending on the finance company where we do the processing, the conditions will be one or the other.
For example, if we are processing a business loan and you provide guarantees, there are not many problems here.
There is not, because the companies that make these loans will take into account the guarantee provided and not so much the situation of the person who asks for the money.
It is in personal loans for companies where we are going to see some quite important requirements.
Generally, the same will be requested as in loans without endorsement for individuals.
On the one hand, it is requested that clients are not in arrears records (Raí normally in the case of companies) and that they have sufficient income.
If the company has a turnover of € 100,000, for example, but then does not obtain profits or these are very small, its access to financing is practically impossible.
With this, what I mean to say is that loans for companies without collateral are similar to those seen for individuals.
At least in terms of requirements, because if it is true that at the level of documentation and amounts they do not have much to do with it.
Business financing outside of what is the loan firm
As we have said, both businessmen and entrepreneurs can access financing outside of what is the loan firm.
We can talk about options such as venture capital or Crowdfunding among others.
These two ways can be a really interesting option to access financing without having to pay interest for it.
Nor can we forget all those financial options offered by the state in the form of grants and business aid.
Business Loans and Business Credits