Bad credit small business loans -Request a business loan with bad personal credit

Request a business loan with bad personal credit

Apply for a business loan

Applying for a business loan with bad personal credit at https://acfa-cashflow.com/ is a simple, clear process:

  • Apply for a business loan online 
    Here you enter all data, the desired loan amount and your company data and results. 
    You get a personal point of contact where you can go with any questions.
  • You receive the financing 
    After giving your approval you will receive the loan amount on the account and the business loan is a fact.

CircleFund: Affordable and fast a business loan

CircleFund offers business loans from business investors meant for business borrowers. Entrepreneurs and investors meet each other through the largest crowdfunding platform in the Netherlands.

For entrepreneurs who want to grow

Nobody needs a bank for that. CircleFund is a safe place where investors make their money available to enthusiastic entrepreneurs.

Borrow 10,000 to 250,000 euros from CircleFund

Entrepreneurs can apply for a business loan of 10,000 to 250,000 euros with an interest from 2.49% per year.

Borrow business money and invest

CircleFund is the largest online credit marketplace in the Netherlands and the world. Companies easily receive a tailor-made credit at very affordable costs. This provides countless entrepreneurs in small and medium-sized businesses with a business credit. Entrepreneurs appreciate their fast credit decision and attractive and flexible conditions for their credit. Private investors benefit from an attractive return, monthly repayments and a professional risk analysis.

Your business credit

Business financing for every conceivable purpose in your company:

  • Financing working capital
  • Pre-financing assignments
  • Purchase equipment
  • Hire additional staff
  • New office layout
  • Renovation of business premises

Fixed, affordable monthly repayments

You can request a business loan with a duration from 6 months to 5 years. The may repay the loan early without penalty. You then only pay interest over the final term of the business loan. Simply request a business loan online and receive an offer without obligation.

Features CircleFund business loan

  • Loan amount business loan: 10,000 euros to 250,000 euros
  • The duration is from 6 months to 5 years
  • No fines for early repayment
  • Interest from 2.49% per year

Minimum requirements to receive a business loan

  • Your company has achieved a minimum of € 30,000 in sales in the past 2 years
  • Your company has been in existence for more than 2 years
  • You are a sole trader, VOF or BV
  • The turnover is stable and with a positive trend
  • You have correct accounting
  • You have not registered any major debts with the BKR
  • As an owner you live in the Netherlands
  • The company is registered in the Netherlands and registered with the Chamcom

Cost of a business loan

When applying, your company will be assessed by experienced credit analysts. The outcome of this determines the amount of interest that you pay for a loan. Your monthly installment consists of a part repayment and a part interest. In the free quote you will find exactly all the costs that you lost on closing and during every monthly payment.

How to save money?

Saving money is one of the most important issues in economics and personal finance. There are simple strategies to achieve it.

Have you heard “saving is not just saving, but knowing how to spend”? It is a popular saying and I think it is very wise. Savings and spending go hand in hand.

The concern for saving is not only yours, but also governments and companies. People, businesses, in times of crisis, tend to save more as a way to prevent future problems. This contraction causes a decrease in the demand for products and, therefore, the economy goes into recession. On the contrary, in times of bonanza, people and companies spend, buy, and production and commerce benefit from the dynamics.

The same thing happens to you?

The same thing happens to you?

It is clear that the economy does not support low consumption or exaggerated demand. The extremes are not good even for your personal finances.

So what is the perfect measure?

One that allows you to consume and save to later invest.

Now, what do we do to save?

Decide

Saving is, above all, a decision. You solve how much to save and for what. What is truly valuable is not the amount, but the power of determination.

You can set a small goal or an important asset, like that of my friend Gabriel: he decided to save 50% of his salary so he could become independent in a few years. Simon made a different decision: spend less than he earns. In that order of ideas, he adjusted his lifestyle: housing, car, fun, commitments, costumes, health …

The decision to save is possible if you set your priorities in life

The decision to save is possible if you set your priorities in life

For example, what is more important, travel or a depa in Miraflores. If traveling moves your heart more, then the decision is easy: you will live in an area that allows you to fly, or rent a smaller apartment, or share housing with someone else. Choosing and establishing an order will not only make you feel more comfortable, but you will enjoy your commitment more.

This strategy is very important. It’s about balancing the use you give money to feel satisfied. As you saw, saving can only produce a paralysis in the economy. The same can happen in your life. To spend is also to rejoice, celebrate, grow, take care of yourself, give away. You must find the balance in which you feel that your well-being is covered.

It is time to create a table of income and expenses. This is the most effective way to have healthy finances.

    • Calculate all expenses, not forgetting those that are semiannual or annual.
    • If, for example, you estimate that you can spend S / 215 on gasoline, budget S / 250.
    • It includes a monthly “contingencies” item.
  • Put savings on the list of expenses.

The advantage of this method is that, when unforeseen events occur, your savings will remain guaranteed. And, at the end of a few months, you will not only achieve your savings goal; You will also have a little more for the extra budgeted money.

Some point out that saving 10% of income is a reasonable goal; others prefer 25%. What is your figure?

Save in group

Save in group

A very useful method to comply is to save in groups. So, someone will claim the fee! And you don’t want to look bad for any reason.

    • Several friends open an account and enter a previously agreed figure monthly. The resources will have a common objective, a trip or an investment.
  • Some colleagues organize to save. Each month they contribute a fee and do activities such as raffles, sales, dinner with a fee, to increase income. At the end of the year, they share the savings with the returns.

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Apply for business financing

Apply for business financing

Anyone who has expansion plans as an entrepreneur usually does not have sufficient financial resources to realize those plans. Do you have expansion plans? Then you must look for the best form of business financing. Through business financing, or business financing, you can undoubtedly realize these expansion plans. Financing your company is possible in various ways. The two best known forms of business financing are a business credit and a business loan. Comparison of these two forms of business financing is necessary to determine the best form of financing for the realization of your expansion plans.

Financing a company through a business credit

Financing a company through a business credit

Do you temporarily not have sufficient liquid assets? Then you can consider taking out a business credit with a bank or another lender. You then agree that you can dispose of a certain amount. The amount that you can dispose of depends on the annual profit that your company makes.

Suppose you have received a business credit of € 100,000 from the bank or another lender. You can withdraw this amount in whole or in part. For example, do you need € 50,000 to realize your expansion plans? Then you only pay interest on the amount withdrawn. Have you repaid part of it? Then you can also record that part again. You can take out and repay with a business credit whenever you want. A business credit is therefore very flexible. What is the interest of this form of business financing? Count on an interest rate that can vary between around 4.8 and 8.6%.

Financing a company through a business loan

Financing a company through a business loan

Do you have insufficient cash to realize the expansion of your company? Then you can decide to take out a business loan with a bank or with another lender. There are several factors that determine the amount of the maximum loan amount.

Suppose you have taken out a business loan of € 200,000 with a bank or with another lender. You can then withdraw this amount. With this amount you can realize your expansion plans. With this form of corporate financing, which has a fixed interest rate, you repay the loan during the term agreed with the bank or other lender by repaying a fixed monthly amount. You can no longer withdraw the amounts that you have repaid. A business loan is therefore less flexible than a business credit. At the end of the term you no longer have any debt to the bank. What is the interest for this form of corporate financing? This can vary between approximately 2.5 and 5.1%.

Choose the right provider

Choose the right provider

Have you decided to apply for financing online? Via this website you can compare the providers of business loans and business loans. Once you have found a loan or loan that fits your needs, you can go to the relevant provider. Gradiegood.nl is happy to help you compare the providers of all business loans.

 

6 tips to make your loan really profitable

Do you plan to take out a loan? Then make sure it is really profitable. What to look for when choosing it and what to watch out for? Here are 6 tips to help you choose the right credit product for you. And in terms of convenience. This is the only way to make sure that you do not step next to choosing your loan.

Focus on the interest rate

Focus on the interest rate

This is a good initial indicator of how you can filter out bargains from the bargains. The interest rate is given as a percentage and one important rule applies. The lower it is, the more advantageous the loan is. But beware of two important things. Low interest universally does not mean profitability, because it is only a percentage of how much the provider so-called “hit” the amount. In layman’s terms, this means that it indicates how much the bank or non-banking company will earn from you. In addition, it should be borne in mind that the rate given, for example, in an advertising leaflet may not be the one you get. These are the rates that the so-called ideal client gets. If your creditworthiness is worse than its prototype, interest may rise. Be careful about that.

Also follow the APRC

Also follow the APRC

The second thing to watch is the so-called APRC. This is the annual percentage rate of charge. Even this is given in percentages and this should be as low as possible. An important fact about this rate is not only that it is mandatory to state it, so you can find it very quickly and easily. An important fact is that the rate must include everything that increases the price of the loan. It can be different charges, it can be the amount for insurance as well as the interest itself is included in the rate. Therefore, it is an ideal indicator of the profitability of any loan – that is, except for those with shorter maturities, where it is disproportionately high and is better to use common sense. A typical example is the so-called micro-loans, where the APR is really high due to its calculation. Really, however, thousands of percent more certainly not pay.

What is the APRC and why is it worth paying attention to it?

Set the correct installment amount

Set the correct installment amount

Also, how high your repayment will significantly affect the actual profitability of the loan. It should be remembered that the repayment should primarily suit you, not the credit company or the bank. First of all, you need to be clear about how much you can afford to pay back so that it doesn’t put your budget at risk. If the repayment amount exceeds the calculated amount, it is a relatively big problem that will put you in financial distress. However, the opposite situation is also complicated – when you set your installment too low. You will repay the loan for an unnecessarily long period, leading to a significant overpayment of the loan. This is because interest is calculated annually on the outstanding amount, which will still be quite high for small installments. In addition, think of the fact that the loan is a commitment that is good to get rid of as soon as possible and have a so-called clean shield.

Beware of additional products and services

Beware of additional products and services

Many lenders may also offer some more to their base product. These are so-called complementary products, which at first glance should look like something that the client needs and cannot do without. The reality, however, is that these are complementary products and services that are not so beneficial and which may unnecessarily increase the loan. What are these specifically? For banks, it may be necessary to open a special credit account where fees associated with its management may appear. In the case of non-banking companies, it is often a diverse repayment insurance to protect the client in unexpected situations. But the fact is that long-term loans are money you give extra. And in a few years it is a large sum of money. If you decide to use an add-on product, you should also check the terms and conditions to make it really useful to you.

Just take what you really need

Just take what you really need

Before you apply for a loan, it is a good idea to know how much you really need. So be clear about what you want to buy and how much the thing costs. This is important so that you know what specific amount to ask for. Even if banks or non-banking companies offer you more, don’t be convinced of the higher amount. Though it may be tempting to have a larger sum of money available, but remember that interest is calculated on the amount provided. The more it is, the more you will overpay. Apart from that, extra money can also increase your monthly payment if you insist on a certain maturity. This is also good to watch out for. Unfortunately, many people succumb to pressure and eventually nod to the offer of a larger sum of money for which they may find employment, but will pay more than if they insisted.

Check your money provider

Check your money provider

In the current credit market, you can operate in three segments. They are banks, they are non-banking companies, and they are also loans from people. Whichever option you choose, it is also a good idea to thoroughly examine the funding provider itself. This is primarily because of the fact that you are not surprised by the different conditions in the contract, possible sanctions, or not quite standard approach. It is appropriate to put mainly on various references, discussions and evaluations. You can ask for acquaintances, but also search the Internet. Only a provider that is well rated is the one who can offer what you are looking for. So the most advantageous loan on the market. The ideal way can be to use various loan comparators, which offer both a list of individual providers in one place, but often bring just the evaluation of individual clients.

Do you have a loan? You can deduct interest on taxes

 

Having a loan these days is nothing unusual. There are a lot of people who have it. Who is looking for the one that will be advantageous should look at both the APR and the interest rate. If it makes up a substantial part of the total APRC, it is good. Both because you do not have to worry about different fees and accompanying payments, and because you have the possibility to deduct interest from taxes. It is one of the best known deductible items. If you haven’t used this option yet, it’s high time. You can save tens, but also hundreds of thousands of crowns.

Only for certain types of loans

Only for certain types of loans

At the outset, we have to say that it is only possible to deduct interest on some loans. If we look at the general characteristics of what they can be, they are loans that solve the so-called housing need. What do you think of this term? These are loans that relate directly to housing and its financing. If we are to be more specific, it is primarily two types of loans. And that is:

  • Classic bank mortgage
  • Building savings loan

Not just for yourself

Not just for yourself

Usually, the cases of use of the loans are quite clear. He is the one who intends to invest his housing in this way. So even a specific taxpayer. The latter also has the right to deduct interest. But the law also thinks of another situation. Interest deduction can be realized not only when the housing needs of a particular taxpayer are solved, but also when the housing needs of their loved ones are solved.

What the money was used for also plays a role

What the money was used for also plays a role

Let’s say you have these two loans. But that still does not mean that interest deduction is possible. It is also the role of exactly what the finances will be used for. We will return to housing needs here again. It is not possible to deduct interest rates if the loan was used, for example, to finance a holiday home such as a cottage or a cottage. Also, no deduction is possible if it has financed commercial activities, such as the construction of an apartment building that will also serve other tenants. Therefore, the possibility of deducting tax interest on these loans is linked only to options such as:

  • Buying a house or apartment
  • Reconstruction of family house or apartment
  • Construction of a family house

What specifically can be deducted?

What specifically can be deducted?

Many people are not quite clear about what can be deducted. They live in the mistake that it is possible to deduct every installment paid. But this is not the case. Each installment consists of principal and interest. The principal is the real amount borrowed. The interest was the increase. As regards tax reductions, only interest paid can be deducted from them.

What is necessary to have?

What is necessary to have?

It is clear that, in the light of the above, it would be quite difficult for each taxpayer to calculate how much the principal repayed and how much interest was paid. This is one of the reasons why it is possible to ask a specific bank or building society for a statement of interest paid. The original must be kept, as it serves as proof that you have the right to deduct. It also helps you know exactly how much you deduct.

If you are applying interest paid for the first time, you must also have an extract from the Land Register. It will prove that it is not a recreational or commercial building, as well as that it is in this case that address the housing needs of the taxpayer, or someone close to him. They are, of course, close to the family. It is not possible to apply a deduction, for example, to a loan from which one of your friends finances their housing. It is not that simple after all.

What is the maximum deduction of interest?

What is the maximum deduction of interest?

Nothing is unlimited and this case just confirms it. If you are interested in exactly how much you can deduct, then we must say that the amount is definitely quite favorable. The maximum amount stipulated by law is CZK 300,000. This is the total. This means that this value must not exceed all deductible interest, for example on several mortgages and building savings loans together. Also note that this amount does not relate to the entire duration of the loan, but that it is an annual amount. This maximum can be deducted each year.

The first years you save the most mortgage

It is also good to look at how mortgage repayment works. Even in this, many people are not quite clear. If you look at the repayment schedule, it happens that the first months, or even years, you pay only interest. Only then do you repay the principal. What does this mean for you in practice? That tax deductions will logically be the largest in the first years and will gradually decline. It is good to count on this in the future and not let yourself be appeased by how much you can save on taxes in general and plan the following years in terms of your budget and your spending accordingly.

It’s voluntary

Finally, it is good to add that the deduction of interest on the mortgage or building savings loan is voluntary. Those who do not want to deduct them – for example, because of low taxes, do not have to. When his tax return is regularly zero, it is quite unnecessary to deal with extra administration.

However, those who pay taxes will appreciate the advantage. If we look at some approximate calculations, it can be said that with an average mortgage, it is not a problem to save tens, but hundreds of thousands, all the time. In the first few years, tax reliefs amount to several thousand. Although they are gradually decreasing, but if the mortgage is negotiated for thirty years, it is a considerable amount of money, which may not get the state, but it remains just for you. In this respect, state housing support still works quite well.

Borrow money for a boat

 

The Netherlands is a water country. Our sea, rivers and canals offer the space for all kinds of water sports and leisure activities: fishing, kite surfing, sailing, you name it. Float down to the horizon on a beautiful summer day, sail with your family to your holiday destination or just cast your anchor at a nice spot and enjoy the tranquility. Delicious. That is why we also have more than half a million boats in the Netherlands! Unfortunately, the purchase costs of a boat are often considerable, more than those of the average car. And so you want certainty about all associated costs and the best way to finance them. Savings or a loan, for example. We can help you make the right decision!

Which loan suits your boat?

Which loan suits your boat?

From sailing boat to fishing boat and from a tailor-made boat loan for when you want to float to the horizon on a beautiful summer day. Simple boat to yacht: various forms of financing are suitable for your dream boat. The most obvious are a personal loan or a revolving credit. With a personal loan you sign a contract when you take out the financing in which it is determined what amount you are going to borrow, how long your loan will run and in what monthly amount you will pay it off during that period. And not only the duration and the monthly installments are fixed, also the interest. That way you will never be confronted with surprises. As soon as your loan application is complete, you will receive the full amount in your account. And you can immediately purchase your boat and start enjoying it!

In addition to the personal loan, your second option is a revolving credit. That works a little differently: instead of borrowing one amount in one go, with a revolving credit you choose a kind of ‘loaner pot’ where you can borrow a maximum of a certain amount, but you can also withdraw what you have paid back. You determine when you withdraw amounts and what you use them for. You only pay interest on the amount withdrawn from your permitted maximum. This interest is variable, and you do not have a fixed term. A revolving credit is useful if you want to finance more of it than just your boat: for example, a renovation or the design of your boat. Usually a personal loan appears to be the best choice, because it has a term that is precisely tailored to the expected lifespan of the boat.

Do you want to request a boat loan?

Do you want to request a boat loan?

Beautiful! That costs you little time and certainly not a difficult research. Our experts are looking for the best deal for you. Thanks to our years of experience and careful procedures, we have built up a broad network; This allows us to submit your data to a wide range of providers (banks) and choose the most advantageous proposal from you. We always arrange the most financially favorable and safest deal. In the form below you enter the amount you would like to borrow for us (such as the full purchase costs of the boat, or part of those costs because you supplement the rest with savings). Then you enter how much you could pay each month. Our loan specialists will then work with your details and send you the best offer without any obligation within a few working days. So that you have the time to make a choice. And who knows how to get rid of the bunches!

Early repayment of the loan and its pros and cons

One of the characteristics to be considered when selecting a loan is certainly the possibility of early repayment. If this option is offered by a bank or non-bank company, it is certainly quite a plus. But there is the other side of the coin. There are not only pros, but there are also pros. Let’s look at a summary of the positive and negative side of early repayment.

The loan will be favored

When a loan is repaid early, this is usually associated with a considerable advantage. That is quite understandable fact. This is primarily due to the fact that interest rates are regularly calculated on the basis of default. This means that if you lower it once to zero, no further interest will be calculated. After the total recalculation, it can be found that a quite interesting amount has been saved, which can be even in tens of thousands depending on the loan amount and interest. Or even much higher.

There is also the possibility of partial repayment

There is also the possibility of partial repayment

The second plus we look at is that there are also possibilities for so-called partial early repayment. This means that it is not necessary to reimburse the entire remaining amount as a lump sum, since only a certain amount can be paid. How big it is is up to you. It is therefore possible to send a higher amount on a regular basis or to throw something in installments. We have already described the reason for doing this above. There is a reduction in the principal and hence the overall advantage of the loan.

You will shorten the length of your commitment

You will shorten the length of your commitment

This is also a positive thing that cannot be forgotten. If we look at how long loans have been granted today, depending on the specific credit product, these may be:

  • Months
  • Years
  • Decades

In terms of months, the shortening is not so striking again – maybe shortening the loan by one month. For others it can be quite striking. There is nothing unusual that you will stop repaying even a few years earlier than specified in the contract. You will end the commitment sooner, easily removing a large burden from your loins. And how does this happen? Again, we are talking only that the principal to be paid is reduced. The lower it is, the fewer repayments will be needed in the future. In the case of long-term loans, each minor extraordinary installment can play a role.

You start with a clean shield

You start with a clean shield

This too is a big plus that early repayment of the loan can bring. Having a so-called clean shield is very good for him in that he does not have to deal with any obligations, just as he has a better bargaining position if he is interested in another loan. Both because he currently has no obligation and, of course, because the previous one has paid off without any problems, which makes him or her an ideal client.

So much for the main benefits of early repayment of the loan. However, it is not possible to neglect possible negatives. What are they? Here is their main list.

Early repayment of the loan may be subject to a charge

Early repayment of the loan may be subject to a charge

Be very careful about this. Before you decide to make an early repayment of the loan, it is advisable to find out whether this option is charged. In the past, this was quite common, while it is now increasingly being abandoned. On the other hand, there are many possibilities in the credit market, so it is good to be in the picture at all times. Possible payments can be divided into three types, namely:

  • Fixed amount
  • Percentage amount
  • Combination of both

As a result, you may benefit from early repayment of the loan, but this may not be as significant as you might expect due to the potential charge. The advantage can thus be indeed negligible.

The amount may be limited

This is often the case with mortgage loans. For them, the conditions are set slightly differently than in the case of a classic loan. So there is nothing extraordinary that the amount you want to pay may be limited. Usually it is talked about a quarter of the principal, always once a year. Even if you have the money, you have to keep it, because there is no easy way to terminate the existing larger loan – that is, if you do not mind the possible penalties associated with it. By limiting the maximum amount, if you don’t want to risk sanctions, you can repay the loan only after a few years, not immediately. And that can be a big problem.

Only certain terms are given

It is not always possible to send an extraordinary installment on the date you want. When we look at what is standard for some loans, primarily for mortgages again, it is nothing more than the need to send money extraordinarily only at certain times. For example, once a year. Here, too, we come to the fact that it is quite a very restrictive requirement, which is connected with the fact that many people quite logically and rightly view it as a possible negative.

You may be missing money

You may be missing money

While it is good to delete a commitment as soon as possible, the other side of the matter should also be taken into account. Such that it is appropriate to create financial reserves. In practice, this means nothing more than trying to have some money with you. If you spend them all on early repayment, you find yourself without a commitment, but if you subsequently need tens of thousands or other amounts, you will not have them. And your only starting point will be the loan, which you will have to apply again. And at the risk of not being approved or associated with more interest than in the previous case.

Why should you save on bank charges?

We are in moments of economic growth or in crisis situation the saving is always welcome. In this article we will once again draw attention to the growth of banking commissions associated with current accounts and tell you how you can save money.

What is the meaning of paying commissions on your current account?

What is the meaning of paying commissions on your current account?

It may make sense to start by talking about the meaning (not) of paying commissions in your current account. It is true that banks have an investment in infrastructure, in computers or in security. Managing bank accounts has a cost. It turns out that it also has benefits, namely:

  • Possibility of the bank to dispose of the money freely to lend to other clients;
  • Obtaining commissions in the movement of account in ATM terminals (if you use the service MB Way will not pay these commissions);
  • Avoid costs associated with financing your operation in financial markets.

Why are there banks that charge and others that do not?

Why are there banks that charge and others that do not?

This is another important question. There are banks that insist on charging for the current accounts service (and even on the ordered accounts). In fact, this is a growing trend especially with the fall in the EURIBOR interest rates. But if some banks have commission-free accounts why are other banks raising theirs?

There are banks that have a greater commercial aggressiveness and that they want to distinguish themselves from their competition not only for price but also for quality of service. They are banks with more agile structures and with less costs and are more prepared for the new paradigm of the banking relationship – See here for our analysis of the best account to order.

Report to annual committees

Report to annual committees

The payment of monthly commissions ends up being ignored by many people. Maybe because the amount is low. Maybe because we have a lot of moves and we end up losing ourselves. What is certain is that if we take into account that € 5 every month is € 60 at the end of the year, we can gain a greater sense of the waste that we are allowing. Let us now imagine that in your house you have 4 commission accounts, you are easily spending € 240 each year on commissions that could be better spent on savings or at leisure, for example

The success of a savings strategy is to create habits that are regularly reinforced over time. To save on your bank commissions it is crucial that you know the banks that do not charge you commissions and what is the best account to order for your specific case. The offer is wide. There are several banks that want you as a customer and these commissions.