Business loan bad credit -Compare business loans for people with bad credit now

For independent entrepreneurs, borrowing money becomes cheaper and more accessible. This is particularly interesting due to the current low interest rates for loans.

Please note: the loan may only be used for consumer purposes, for example for the purchase of a car, residual debt financing or the renovation of your own home.

 

Compare business loans for people with bad credit now

Do you want to apply for a business loan with bad credit to increase your working capital?

There are also various providers active in the market that offer these loans. You can read this informative post and take out the business loan for bad credit.

 

Business or consumer finance?

business finance?

The advantage of consumer finance is that borrowing money is cheaper than having to finance it for business. Here, the interest rates are significantly higher than for private consumer credit.

With this, lenders follow the example of mortgage lenders and NHG. A pilot for this was started on 1 December 2016 with a broader acceptance policy for independent entrepreneurs. This means that customized mortgages under NHG are possible for mortgages.

 

Borrowing money for freelancers: options and conditions

Borrowing money for freelancers: options and conditions

Freo is the lender who has recently adjusted the acceptance conditions.

 

Conditions Freo

Borrowing consumer credit money for freelancers is, however, subject to strict conditions. The credit company will regularly test whether the loan is justified based on income and monthly charges. A BKR registration will also be consulted.

 

Freo options

We have made an explanation of the possibilities and the minimum requirements to qualify for a regular consumer credit for self-employed persons without employees. Entrepreneurs can easily apply for a loan directly online. No distinction is made here and upon acceptance as a customer you receive a fixed low interest rate.

Freo only offers a personal loan for entrepreneurs. With a personal loan you have a fixed interest, a fixed term and a fixed monthly amount. So you know exactly in advance where you stand. Minimum eligibility requirements:

  • You must be in possession of a property for sale
  • You must be at least 25 years of age or older
  • Company has been in existence for at least 3 years and is one of the following types of company: sole trader, VOF or partnership.

If you meet these conditions and would like to know the options for borrowing consumer money, simply request a quote without obligation.

 

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