The startup scene in Germany is booming and almost every day young entrepreneurs start their own businesses with ingenious business ideas and innovative solutions. Most of them face the same problem in the start-up phase – but often later – when the financial ceiling is often very thin and the search for capital, investors and credit for startups is often difficult.
The hard way to credit for startups
Startups often have little chance of obtaining sufficient funds, because commercial banks are often unwilling to take risks and finance companies without a corresponding reputation and without really reliable figures.
If, with patience and tenacity as a startup, it is possible to get credit in the form of start-up grants or convince investors with a sound concept, then the biggest step is taken. However, despite careful planning and good business figures, unforeseen events can lead to temporary financial bottlenecks and a short term credit for the startup.
Short-term credit for startups as an alternative to acute financial needs
Whether it’s due to late payments of customers, goods, tools or machines for new orders have to be financed or unexpected bills to pay – the reasons are extremely diverse. If the credit line of the startup loan is exhausted and there is an acute, short-term financial need, the number of opportunities for startups is often limited.
Anyone who fails to generate enough start-up capital during the start-up phase will often face great difficulties in the immediate emergence of acute short-term money shortages. This is especially true when credit is needed for startups of small size and short duration. Banks often see the cause of such unexpected financial needs in a bad economic situation and lack of financial planning and dismiss. A funding round for startups via crowdfunding platforms would take far too long and is more suitable for long-term financing.
In the search for alternatives, the interim financing offers a short-term loan from BankFit. The Berlin-based specialist for short-term online small loans for small businesses, the self-employed and start-ups provides tailor-made offers precisely for this purpose with the BankFit short-term loan.
Startup Credit vs. BankFit short term credit for startups
A short-term loan for startups, as provided by BankFit, differs significantly from a long-term startup financing loan. While the latter, as a classic installment loan, establishes a contractual relationship of longer duration and thus also long-term dependencies between startup and lender, a BankFit microcredit for start-ups is an effective option for securing cash in the short term and still remaining flexible.
At BankFit, startups can easily apply for loan amounts in the range of € 1,000 to € 10,000 online and pay back within 30 days. Startups benefit from several advantages:
- Height and duration can be determined individually
- simple application and short-term decision on lending
- no costs
- any use
- no purpose and industry commitment in use
- already unloaded after a short time
Credit for your startup up to 10,000 euros: simple, short-term and transparent
In order to secure an online short-term credit for startups and to cover temporary financial gaps until the next receipt of money, only a few criteria have to be met at BankFit. Your company must have at least one year of existence, a regular cash flow and annual sales of more than 50,000 euros to prove. Even if you have only a medium credit rating, which is often the case with startups, the short-term loan offer from BankFit is open to you because you benefit from adjusted creditworthiness criteria. These are based on other risk assessments for lower loan amounts for short maturities.
The application itself is easily made online via the BankFit credit calculator, which also transparently communicates the conditions. After entering the desired loan amount between 1,000 and 10,000 euros and the duration of 7 to 30 days, you will find all the costs including the interest rate clearly listed. If you do not have a chargeable additional service, such as the express option or the 2-installment option, this is also the final amount to be repaid.
After entering a few details about your business, you send the request with a mouse click and if the conditions are right, you can already have the desired amount 3 to 4 days after the loan request.