The business loan does not have to be difficult to obtain. Currently, more and more banks face the expectations of their clients and offer a business loan without any certificates. However, before submitting the application, it is worth remembering that the lack of certificates does not mean that the business loan is available to anyone interested.
Convenient and fast business loans are sought after by clients today. We want to borrow easier without complicated formalities and we want to have money at our disposal as soon as we need it. These requirements perfectly match the business loan without any certificates. However, it is worth realizing that such a business loan is also available under certain conditions. If we do not meet them, we will not get the money.
Business loans of this kind are offered as cash, so we can spend the money for any purpose – including travel, shopping, party, billing.
The amount of credit without certification depends primarily on the creditworthiness of the client. Many lenders, however, apply maximum limits, which is why we will not usually borrow a very high amount that will cover large expenses, such as buying a property, a new apartment, and a major renovation.
The time to repay the business loan without certificates is typically several years – these are business loans installment, we can pay easily and conveniently, without the risk of nadszarpnięcia household budget. The longer the repayment period, the smaller the installment we can get. However, we must remember that the extended repayment time means higher costs.
These types of business loans are currently offered by banks as well as by non-banking companies – in this case we deal with both pay-offs in one month and with installment business loans.
We can also receive a business loan without certificates via the internet. In this case, we do all the paperwork on-line, so we do not have to go to the bank or branch of the business loan company in person. We then go through a special identity verification, and when our application is approved positively, then the money can be on the account even on the same day.
Although a business loan without certification does not require documents from the employer, but we should also remember that this does not mean that the bank or business loan company does not check the creditworthiness of the client.
Creditworthiness testing takes place mainly on the basis of data collected in databases such as BIK, also BIG databases, for example KRD. BIK, the credit information bureau, contains information about our past and present debts, including the amount of business loans and advances . In BIG databases, on the other hand, information about debts is stored mainly, for example, for unpaid bills, invoices, fines, alimony.
When applying for a business loan without a certificate, we write a special statement with information about our income and their sources, as well as about expenses . The lender then compares all data and determines how much money he can borrow. When there is no doubt about our credibility, we can get the sum we are asking for. Otherwise, the bank or business loan company may request delivery of certificates, offer us a lower amount or issue a refusal.