Those who want to borrow money have a large number of options for this, including Credihuff. From the traditional large bank to an online lender affiliated with a financial service provider. From a (often somewhat dubious) provider of flash credits to your own family or friends.
But which loan provider is the most suitable? Of course the answer to that question depends on many variables. In that respect there is, for example, a huge difference between the consumer who wants to take out a loan for his own use and the (starting) entrepreneur who wants to finance business activities.
The well-known image of an entrepreneur who wants to take out a business loan is that of the businessman or woman who enters a branch of the local bank in a smartly dressed manner. In many cases, however, that is no longer practical. Doing business today benefits from speed, clarity and convenience. The market is often largely on the digital highway. Why not the option to apply for a business loan? That was exactly the question they also had with Credihuff. And Credihuff has answered that question. By offering lightning-fast business loans where convenience and speed are central to the applicant.
Does Credihuff know what they are doing?
The entrepreneur who is considering taking out a business loan might think: “there we have another start-up with a promise of flexibility. Let them first gain experience. ”That skepticism may be understandable, but not entirely justified in the case of this party. Yes, Credihuff is a startup. But at the same time this is an initiative of ABN AMRO. Experience with regard to offering financial products is therefore in principle available. Moreover, a major player such as ABN AMRO ensures that an acceptable (it is said at this company attractive) interest rate can be offered.
How does a loan application at Credihuff work?
A loan with this business lender can be taken out by an entrepreneur. This means that a number of conditions must be met by the applicant. For example, the applicant’s company must be a sole trader, general partnership or private limited company. This company must also be registered in the Netherlands and (at least 2 years) with the Commerce Cham. In addition, there must be positive equity, a minimum turnover of 100,000 euros, a profit in the past year, and a business account must be held.
Based on a number of financial data, this party calculates a customized offer for a loan. Subsequently, a few more documents must be uploaded by the applicant and within 1 working day there will be a final assessment of Credihuff. Who as an entrepreneur is happy with the offer can sign the contracts digitally and then it is settled. The loan can be received within 1 working day.
Credihuff monitors the financial health of the company
Anyone who has applied for and received a loan as a customer is expected to upload monthly financial data about his company to this company’s website. That may come across as somewhat paternalistic, but it also has advantages. If the figures show that the business is not going too well, Credihuff will contact the applicant for the loan. Together we look at how the loan can be repaid in a healthy way.