Entrepreneurs often have to deal with a deteriorating economic situation. New companies need enough capital to start their own business. In both cases, the path to the bank is not very promising.
Since income is very volatile, only a few credit institutions are willing to take this risk. A rejection or an extremely high interest rate follows. The situation is even more difficult if there is a current loan or a Credit Bureau entry. Hardly any bank takes care of these customers or offers their help in the form of a loan. Nevertheless, there is an opportunity for self-employed people to get the desired amount of money through instant loans.
Best Bank is a reliable intermediary
With Best Bank, the self-employed find a reputable broker who benefits from many years of experience in this area. Best Bank is not a bank, but a company that tries to provide the best solution for individual needs. Loans to entrepreneurs with a Credit Bureau entry or companies whose founding took place only a few months earlier are also arranged. Depending on the need, loan amounts ranging from 500 to 100,000 USD are offered. Best Bank also offers the option of repaying a loan before the agreed term without additional fees. An inquiry can be made free of charge and without obligation. As a rule, the acceptance or rejection takes place within a day.
Lite Lender with large amounts of credit
In addition to Best Bank, there are other providers that offer instant credit for the self-employed. Lite Lender is also an intermediary whose service shows some differences from the competition. Entrepreneurs who need larger sums are in good hands with Lite Lender with up to 250,000 USD. In addition, companies that already have a loan or a negative Credit Bureau entry find a good chance of getting a loan. The interest rate depends on the credit rating, term, etc. The effective interest rate fluctuates between 5 and a 2-digit percentage.
The possible alternatives
Smava is a platform that offers P2P (private person to private person) loans. The possible amount of credit for instant loans for the self-employed is in the middle range compared to the competition at 75,000 USD. A loan application must be made online. There are no public branches. With a good credit rating, nothing should stand in the way of approval. With Lite Lender, debtors find a better alternative. Cream Bank offers good conditions for purchases that are associated with lower costs of up to 35,000 USD. The advantages are the fast processing time and a low interest rate with good creditworthiness. Entrepreneurs as well as private individuals can apply for a free loan.