You are managing a business and looking for a loan? Whether it is to invest for your business or to overcome a lack of liquidity, it is not always easy to find the right partner for a commercial credit. Discover our explanations.
Why a commercial loan?
It is not always easy to get a loan from banks as an independent. In fact, the list of documents required can often be an obstacle to get a commercial loan, especially if you need money urgently. Usually, commercial loans are demanded for:
- Finance investments
- Overcome a temporary lack of liquidity
- Buy a new function vehicle
- Expand, renovate or repair your local
What are the possible solutions?
The type of loan will depend on the reason for the credit. The main types of business credit are:
- Business account credit: it is a sum of money made available in a special bank account in which you can freely withdraw money till a certain limit.
- Investment loan: proposed by some banks, this is an ideal solution for purchasing equipment.
- Cash advances: it is a commercial short-term credit, usually less than one year for fixed-term advances.
- Personal commercial credit: this solution consists in a personal loan used for your own business. With a personal credit, it is generally easier and faster to get a loan. Do not hesitate to consult our partner CreditLoan at this link to know more about this business credit solution.
Personal loan or business credit?
The solution of a commercial personal credit has certain advantages in terms of simplicity. If you own a small business such as a restaurant, a shop, and you need a sum of money not exceeding 150,000 Chf, a commercial credit in your name you will generally give you the following benefits:
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- Faster processing: receive an answer within 24 to 48h.
- Less paperwork: a personal loan will be easier to get.
Who to contact?
If you are looking for a commercial loan, everything depends on the solution you prefer. For a loan made in the name of your company, you will need to contact a bank. But if you prefer an easier solution, do not hesitate to contact a loan broker like CreditLoan!
