Minority business loans -Minority business loans for bad credit: Money now
Minority business loans for bad credit: Money now
There are different providers of minority business loans bad credit. Minority groups are often left out in the lending sector. Below we compare some of the more famous providers of these business loans on the Dutch market.
Dakasu
Dakasu is an initiative of CSP-Comro and focuses on the rapid provision of business loans and credit. The loans are provided to finance growth, purchase of operating assets, inventory, debtors and refinance loans.
Requirements of Dakasu for a loan
- A final annual statement prepared by an accountant or accountant
- Bank statement from your business account for the past month
- When using a loan for purchasing resources, a quote
- With refinancing, existing loan loan agreement
Minimum and maximum loan amount
From € 5,000 to € 1,000,000
Duration of the loan
3 months to 5 years
Interest on the loan
3.2 to 9.2% interest per year depending on the estimated risk for Dakasu
Cost
1% of the loan amount, with a maximum of € 5,000
How do you pay off the loan?
You repay a fixed amount each month, this amount is the same throughout the entire period
Would you rather pay back without penalty?
Yes
Astro Funding Circle
Astro Funding Circle is a crowdfunding platform where it connects investors to companies. The company is originally from England. and is currently one of the larger crowdfunding platforms in the Netherlands.
Requirements for applications via Astro Funding Circle
- At least € 30,000 in revenue per year
- At least 2 years in operation and therefore able to deliver 2 annual accounts
- Company based in the Netherlands and registered with the ChamCom
- Owner lives in the Netherlands and personally guarantees the loan
- Bank statements
- Income tax return from last year
Minimum and maximum loan amount
€ 10,000 to € 250,000
Duration of the loan
6 to 60 months
Interest on the loan
Average interest rate 8 to 10% per year
Cost
You pay a one-off closing fee. These are determined based on your risk profile and duration. Minimum costs are € 750
How do you pay off the loan?
You repay each month with an annuity loan
Would you rather pay back without penalty?
Yes
A little more about Astro Funding Circle
Astro Funding Circle was set up with the aim of bringing together investors and entrepreneurs who need financing. It is an internationally operating company with a stock exchange listing in London and was established in 2010. The company likes to scatter figures. For example, we find on the website that they have lent a total of 8.2 billion euros and created 75,000 jobs in 2017. 3500 loans in the Netherlands.
Bridge fund
Bridgefund offers loans for a maximum of 12 months. You repay a small amount of the loan every day.
Requirements for applying for a business loan via Bridgefund
Your company must have existed for at least one year and have generated a turnover of 75,000 in the past year. In addition, it is important that you have enough money in your account every day to repay the loan.
Amount for the business loan
From € 5,000 to € 250,000
Duration of the loan
3 to 12 months
Interest
1% per month + a surcharge between 0.5 and 2.5%. In practice, the average interest rate is 2.3% per month.
Cost
Sit in the interest rate that you pay.
How do I pay off the business loan?
A little bit every day, and the same amount for the entire loan.
Would you rather pay back without penalty?
Yes
A little more about Bridgefund
Bridgefund was founded at the end of 2017 by Julian van de Steeg, Dennis Reherman and Rutger Quispel. It is a young and small company based in Amsterdam. They are a real fintech start-up with the ambition to grow quickly. They stand for quickly and easily borrowing business money with a focus on growth. Bridgefund focuses on financing growth.
B2B Business Loan
Offers loans from € 2,000 via a fast, transparent and easy online process. You can make the request within 5 minutes. They market themselves as a fast, effective internet bank. With room for personal contact.
Requirements for applying for a business loan
- Company has existed for at least 12 months
- You have a turnover of at least € 75,000 per year
- You have a business account
- You have a company in the Netherlands
- You live in the Netherlands yourself
Amount for the business loan
€ 2000 to € 100,000
Interest
The average interest rate is 2 to 2.9% per month. The interest is determined based on the risk profile that your company falls into.
Cost
One-time transaction costs of 2.95% of the loan.
Duration of the loan
12 to 18 months
Would you rather pay back without penalty?
Yes
How do you pay off the loan?
In equal installments per month
A little more about B2B business loan
B2B business loan is an international organization and part of the Zaloan group. The Zaloan group operates in 25 countries and is listed on the Frankie stock exchange. B2B business loan was established to jump into the gap that banks have left behind for financing SMEs. Around 100 people work in the Netherlands and has been active on the Dutch market since 2017.