Cyro for business is the winner of the January corporate loans ranking
Cyro for business, which is part of Cyro Bank, took first place in our ranking. The company offers a loan for companies with both large and minimal experience.
Cyro is certified financially reliable, has many trusted clients and still dominates the rankings. The loan amounts to PLN 1,000 to 10,000. The liability should be repaid within the range of 6 to 24 months. It is worth noting that there is a possibility of flexible repayment date selection. What’s more, the entrepreneur can enter the interest on the loan in the cost of business.
The next places belong to Fortis Finance and Paseors
Fortis Finance stood on the second step of the podium. The financial institution specializes in granting loans to civil partnerships, limited liability companies and sole proprietorships. The entrepreneur may incur a liability in the amount of PLN 5,000 to 100,000. The loan period is from 6 to 12 months.
The podium closes with Paseors – a company based in Gdańsk. In the case of this lender, we can count on the high amount of the first loan and the minimum of formalities. Maximum liability – PLN 25,000. Time to pay the debt – 12 months. It is worth noting that Paseors consultants are available seven days a week.
Iwoca right behind the top of the January ranking
Iwoca came in fourth on the corporate loans ranking. The company offers liabilities in the amount from 5000 to 150,000 PLN. The maximum loan period is 12 months. However, nothing prevents you to pay off your debt early, without any additional charges.
The terms of cooperation with Iwoca are transparent and presented in a simple way on the lender’s website. Creditworthiness is determined on the basis of the company’s average monthly revenues. The funds obtained can be used for investment purposes related to the development of the enterprise.
A secured loan as an opportunity for companies without creditworthiness
Our loans rank two institutions that should interest companies with little experience in the market. One of them is auto capital.pl. The main requirement of the lender is to secure the liability in the form of a car. In this way you can get up to PLN 100,000. The loan repayment period is a maximum of 48 months.
It should be remembered, however, that the final amount of the loan against collateral largely depends on the value of the vehicle that is the collateral. The car is priced by an appraiser. It is also worth noting that the entrepreneur can use the car for the entire repayment period.
The January statement closes the Monument Fund. In analyzing applications, the company puts the main emphasis on security in the form of real estate. Therefore, the institution offers very high loan amounts – up to PLN 500,000.
Loans for nonprofit companies
Banks have stricter requirements for granting cash, hence companies from the non-banking sector are an excellent solution for fledgling enterprises. The great advantage of business loans is that they are even granted to those entities that are not yet profitable. Requirements for creditworthiness are very low, however, this is associated with a higher interest rate than for banking products.
If we want to take out a loan for non-business purposes, we can support the ranking of installment loans or payday rankings. In the case of loans to individuals, we can count on lower amounts.
“Loans for companies are invaluable when we want to invest in business development in the early stages of business and we do not have high turnover. When choosing an offer, we should make rankings that will show us the best-suited commitment. “