Business loans also for new businesses
Startups are rarely short of enthusiasm, but more often hampered by inadequate funds. A business that has just started may have challenges not only in securing financing but also by the sheer high price of it.
Often businesses are expected to have been in operation for several years before they are granted a loan. Through Sortter, also startups can apply for a loan to increase their business and become properly established.
The following may affect the interest rate and costs of a business loan
- Business loan amount
- Repayment period
- Company’s liquidity
- Creditworthiness of persons in charge
- The company outlook