Anyone who wants to start a company usually needs money. And if business operations start successfully, as a growing company you will quickly need fresh capital in order to be able to further expand your core business.
Loan Calculator: Compare the loan offers from the house and direct banks through
Your house bank has long set the tone when it comes to lending. However, direct banks that can only be reached via the Internet or by telephone and that do not have an expensive branch network are on the advance.
The cost advantage is also reflected in the conditions for your corporate loan. A fact that you as a company should take advantage of. Even small differences in interest rates have an effect, especially with higher investment sums with longer-term terms.
Loan Calculator: Do not be blinded by general calculation examples with a corporate loan
As an entrepreneur, you should not be blinded by representative calculation examples that you come across when looking for a company loan. They are part of the offers for the private customer sector. Use Loan Calculator before taking any company loan.
Loan Calculator: Strengthen your negotiating position on corporate loans with the help of sales figures and collateral
Sales figures and securities strengthen your negotiating position. For the loan interview, sales data, balance sheets and income-surplus-calculation are essential. What exactly is suitable for your situation depends on the investment project. As a founder, profitability and sales forecasts are important in addition to the actual business plan or business idea. As a well-established company, the business deals of the last few years should be on the table. When applying for your corporate loan, you can pull assets and ancillary income out of your sleeve as a trump card. Strengthen your negotiating position with this additional collateral.
Loan Calculator: As a company, improve your creditworthiness
Banks do not give away any money. They expect something in return for the company loan and not only link the decision to finance the business to your creditworthiness. The higher the risk of default on a loan, the deeper you as an entrepreneur will have to dig into your pockets when it comes to the interest and thus the cost of the loan. But there are ways and means of improving your creditworthiness.