Until now, quick loans, especially those for companies, have been the domain of PRBank, which did not have to deal with innumerable formalities. For some time banks have become more and more bold in this segment, because, for example, mBank has the option of a Guaranteed Loan for its clients, and Idea Bank and related companies are ready to provide very high loans only in exchange for maintaining an adequate balance on the accounts.
Loan for companies – good, better, best
Of course, company breaks have a very serious drawback. It is the price that many times exceeds the cost of the most expensive corporate loan. In many situations, however, it is accessibility, not cost determines the choice of the entrepreneur. The fact that the banks have finally started to take into account the needs of entrepreneurs must enjoy and it is not about walling behind any proposal, but about joy because of competition, because until now loans for companies were not particularly varied.
For each entrepreneur, the choice of the best loan will be based on completely different premises. A lot will depend on the company’s seniority in the market and the period of using certain banking products, because these two factors can drastically limit the availability of loans in many situations, which will automatically increase the interest in company payday loans.
How does a quick loan for parabank companies work?
The so-called payday breaks for companies are in fact ordinary breaks, only that their regulations may be less transparent due to the binding legal status, and the cost tables change more often. The basic principle is however the same as in the case of “private” payday loans: PRBank raise the price, because their risk increases, but the availability of products increases, which is obviously due to resignation from certain stages of verification, although this last element is not obligatory – PRBank can verify clients just as well as banks, but thanks to the fact that they do not do not need to have a long history on the market, a series of timely repaid corporate loans in banks or even large collateral.
How does a quick loan for companies in a bank work?
When it comes to quick credit for companies in the bank, two models currently operate. The first, designed for companies that use the services of a particular bank for a longer period of time, works a bit like a loan for a bank statement. The bank has a history of the company account and on this basis it can estimate the monthly income, costs and financial surplus. In the case of corporate loans, this is a very convenient way, especially since most banks increase the “rating” of the client, eg for regular transfers to ZUS or US, which – he wanted, he did not want – must be done by every entrepreneur.
The second model is to secure the company loan with private property. Of course, this is possible only in those cases when the company’s assets are not separated from the owner’s property, i.e. in the case of a sole proprietorship, and it was the most difficult task for this form of business to obtain a reasonable loan offer until recently. Today, this is changing, although of course, such an arrangement as securing corporate loan with a private flat, however lawful, raises the concerns of many potential borrowers.
Fast credit for companies – fast cash for companies
Both banks and loan companies have a bit to say about loans to companies. Fast remains the domain of PRBank, but it is impossible to notice that banks are more and more willing to try new ways to make their clients more credible, which allows them to introduce loans in which the formalities are really limited to the minimum.