Following Important Considerations in Finding Loans for Business Capital

When you decide to open or expand a business, difficulties in terms of funds may arise. To overcome this problem, the option to seek loans from outside parties may be done. However, what things should be taken into consideration in applying for a loan?

Broadly speaking, there are two aspects that must be considered. First is in terms of business conditions. And the second is the choice of places that will be a source of funds. For a more detailed explanation, here is the review.


From the Business Aspect that is Being Managed

credit loan

This aspect is closely related to business conditions that will affect how urgent the lending option is how much money must be raised, and ability to pay it off.

This aspect must be examined first before seeking a loan to minimize the impact of unstable production. Imagine if a business only added debt without results due to poor financial management.


Which Party or Agency Will You Make a Loan for?

In this article, there are two agencies that are commonly used and one alternative that you can make a source of looking for a loan. And, here is an explanation of each provider.


After completing the loan plan based on business conditions, it’s time to look around for the nearest bank to find a loan. Try to find out what loan facilities the bank offers and the terms. In addition to the usual types of lending facilities, several banks also offer People’s Business Credit (KUR) facilities.

People’s Business Credit (KUR) is a credit service or funding formed by the Government. This service is aimed at businesses that are deemed likely to develop and are able to return the credit.

Before finally applying for funds to the bank, you should first determine the amount you want to borrow (based on urgent needs), pay attention to the loan interest rates that banks apply, and also determine the time period. See also whether the bank allows the submission of additional loans even though the previous loan is still running.


What is Unsecured Credit (KTA)?

Unsecured Credit

Still struggling with banks, Unsecured Loans (KTA) are types of offers that do not require you to provide collateral such as a BPKB letter or land certificate when you want to disburse some funds. However, this system is also quite strict.

Apart from the quick disbursement process, the borrower must be satisfied with a small and limited loan amount. And, because the lending process is unsecured, interest rates tend to be higher. For the range, this depends on the provider bank.


Online peer-to-peer lending (P2P Lending) provider

online loan

In an increasingly sophisticated and digital era, online -based loan providers have also grown rapidly. With no guarantees and fast processing, this type of offer is increasingly favored by business people.

However, even without collateral, the prospective borrower must complete several requirements such as submitting valid personal data and income information through pay slips and the like.

When deciding to use this type of service, be sure to look carefully at the provider profile. One of the safe providers of p2p lending is Acceleration because it has been registered and overseen by the Financial Services Authority (OJK).


Crowdfunding, a promising alternative

credit loans

Not much different from point number 2, this system can also be a source of fundraising. The definition of crowdfunding itself is fundraising for one type of project from a large number of investors (financiers). Funds collected through an intermediary (platform) will be distributed to the project owner or the person who applied for an injection of funds. In raising funds for UKM, Akseleran also uses this crowdfunding concept.

The work system is the project owner will campaign the project design through social media channels. He must be able to convince investors. He must also explain the profit sharing agreement or other types of benefits.There will be a deadline or deadline for collecting these funds. If the target has not been collected after the deadline has been determined, the funds from investors who have entered will be returned to their respective accounts.

At present, the OJK is still reviewing the crowdfunding service system, together with institutions such as the government, Bank Indonesia, and other fintech industry players. If this type of crowfunding financial services system meets the requirements, then this system will be asked to register with the Financial Services Authority.

There are many ways to find sources of loans. But that must always be considered is, do not let the urgent conditions make you negligent in choosing a safe fund provider. For indicators or benchmarks, make sure the provider has permission and has become the trust of many people.

That way, your business will avoid the threat of fraud. If necessary, ask for references from someone you know who has used the service.

Get cash at the end of the year: purchase of consumer loans

The month of December is conducive to exceptional expenses. Christmas is coming fast, which means that a budget gift is essential. In addition, household expenses increase because it is necessary to provide for holiday meals. For households that already have heavy debt, this can be problematic. If it is possible to apply for a new cash envelope from a financial institution, this is probably not the optimal solution. In fact, a new personal credit would only increase the household’s expenses in the long term. Better still, the procedure for buying back credits makes it possible to compensate for a lack of immediate cash flow by improving the household’s overall indebtedness.

December, a month that is expensive for French

December, a month that is expensive for French

According to a Reuters study of November 22, 2016, the French plan to spend 329 euros on average for Christmas. This budget is lower than in 2015 since last year French households spent about 341 euros for the preparation of gifts to children and relatives. Added to this budget gifts, expenses related to family meals and parties with friends.

The end of the year is a time of culinary pleasure that can be expensive. If for many households, these exceptional expenses are planned in advance, this is not possible for everyone. Families who have accumulated consumer credit, see a large part of their income absorb by the maturity of loans. In this case, it is difficult to save to build an envelope dedicated to end-of-year expenses.

The redemption of credits: the answer to debt problems

The redemption of credits: the answer to debt problems

When the financial burden of the household is difficult to meet, the redemption of credits is an efficient means of remedying them. The purpose of this procedure is to reduce the monthly amount of repayments of consumer loans. Especially since by including all the debts in a single loan, borrowers see it much more clearly.

The purchase of consumer credit is a new deal for the borrower. By starting again on a balanced budget, the debtor home ensures a new breath on the long term and a new capacity of savings or indebtedness.

The role of treasury in the purchase of consumer credit

The role of treasury in the purchase of consumer credit

The first motivation for embarking on a credit buyback procedure remains the need for cash. If the main objective of the restructuring of loans is fiscal consolidation, the establishment of a treasury is strongly advised. This envelope is a spare wheel in case of imminent need of cash.

This option saves borrowers from applying for another consumer loan. The amount required for this cash flow should be quantified with the broker. This depends on the borrower’s plans and the expected date of completion.

Loan consolidation vouchers

If you want to make a loan consolidation, it is recommended to use a broker buyback loans to implement the financial restructuring plan.

Intermediary in banking operations and payment services, Headless horseman Headless horseman accompanies you throughout your steps with the objective of obtaining a new credit that improves, and that responds to your budget situation.

Documents needed for a credit consolidation

Documents needed for a credit consolidation

In order to be able to pretend to start a file study with characteristics of reHeadless horsemanment, it is necessary to be able to gather all the supporting documents requested for a repurchase of credits.

The folder is composed of five pockets :

  1. Identity
  2. returned
  3. Statement (s) of account (s)
  4. Loan agreement and amortization schedules or cash reserve account
  5. dwelling

Depending on the budget situation of the borrowing (s), the list above may vary. For example, in the case where the applicant (s) have been penalized (s) by an increase of taxes, or by a ticket (s) of a road traffic contravention… then the justifications of the remaining capital due are to be provided.

Indeed, the principle of a loan buyback is first to give breath to the borrower (s) through a significant decrease in their monthly credit charges, and secondly to allow the lending institutions ( bank or financial institution) to be the only creditor to manage the debts and debts of the debtor (s).

This allows you to manage only one credit adapted to the repayment capacity of the borrower (s). But also, the bank improves the control of the risk of unpaid bills by centralizing all debts of the debtors.

How are the coins analyzed during a loan redemption?

How are the coins analyzed during a loan redemption?

Unlike a request for revolving credit, when it comes to a request for loan redemption, the list of attachments is more important!

More important in order to allow the financial analyst of the bank in charge of the study of the file, to define during the financial analysis the restructuring solution most adapted to the needs of the applicant (s).

The procedure of instruction of the files of repurchase of credit is the good one, in spite of a large number of justifications to provide. Moreover, this is confirmed in the studies of loan buyback records in that 99% of individuals who lose control of the management of their budget have their bank account statements rife with monthly withdrawals of revolving credits.

Then the different documents of identity, income, housing, etc. are carefully analyzed, checked and crossed between them in order to validate the authenticity of the elements declared by the borrower (s).

During the process of processing the client file (s), the financial analysts in charge of the file investigation may need additional information to enable them to finalize the study.

Then a request for complements and additional information is issued by the analysts to the broker, who will get closer to his client to take stock and gather the items requested for transmission to banks.

Avoid pitfalls of personel loan repayable with the purchase of credits?

To meet liquidity needs whose purpose and use of borrowed funds is for the purchase of a personal vehicle, or to undertake work to improve his home, but also for the equipment of his house or simply get cash for provider new projects, depreciable consumer credit also known as personal loan is undoubtedly the best solution for individuals.

Consumer credit: reminder!

Consumer credit: reminder!

For recall booster on consumer credit, remember that the amount of provider a personal loan is in the range of two hundred euros and seventy five thousand euros. Secondly, a depreciable consumption credit is generally at a fixed interest rate and not at a variable rate.

The amortization periods being much shorter than that of the mortgage, they can reach 180 months for the consolidation of consumer credit. The prepayment of a personal loan generates a maximum of 1% of prepayment indemnities due to the lending institution.

The use of the amount of money borrowed via a consumer credit must be used for personal and in no way professional purposes. Unlike a home loan that is unlocked in stages as the construction progresses for the payment of the artisans, the personal loan is released in one go to the bank account(s) borrower (s).

However, it is advisable to be vigilant about the use of consumer loans! To avoid the accumulation of money, borrowing with thought can keep control of its budget management and do not end up over-indebted.

Personel loan: the pitfalls to avoid!

Personel loan: the pitfalls to avoid!

First of all, it is important to take into consideration the particular and general conditions of a consumer loan agreement. Indeed, it must in no case stop at the communication of an advertisement or the statement of the commercial bank or the requested financial institution.

Do not forget that once the prior offer of personal credit has been accepted and signed, borrowers can no longer retract once the deadline has passed. Subscribers of the provider are obliged to repay each month the deadlines defined in the amortization table of the said credit subscribed to its balance.

Of course, when an individual uses a consumer credit, ie the amount financed by the bank is between 200 € and 75 000 €, then the latter is subject to the Consumer Code and debtors are eligible for protection.

The purchase of consumer loans facilitates the management of your outstanding

The purchase of consumer loans facilitates the management of your outstanding

The borrowed money must be used responsibly to facilitate its management and avoid over-indebtedness. If you do not think correctly about the number of consumer credits that you can repay every month without the personal budget being unbalanced, then it is not wise to make the decision of a commitment for an additional loan to be made.

This advice applies even more if your personal debt ratio is higher than forty percent. At the risk of becoming entangled in excessive debt, putting your financial situation in jeopardy.

If, however, you have accumulated several credits, and your repayment capacity is exceeded, then we recommend that you apply for a study to obtain a purchase of urgent consumer credit.

The benefits of buying back mortgage loans to avoid over-indebtedness

 Real estate credit is distributed to French households and professionals by banks and financial institutions in order to materialize the acquisition of real estate. Acquisition funds may be earmarked for a primary or secondary residence, or as a tax or rental investment. Obtaining a mortgage is most often framed by the presence of a sales agreement.

The acquired property is then generally provided as mortgage guarantee until the total repayment of said loan.

The repurchase of mortgage

The repurchase of mortgage

The mortgage can be the subject of a credit redemption or credit restructuring operation when it is bought back with consumer credit. Today, to calculate their home loan, French households now tend to choose a longer mortgage term than in the past. This mortgage term now exceeds 20 years.

To calculate your mortgage today, without exceeding the debt limit thresholds imposed by banks and lending institutions, it is appropriate to borrow over a term of 25 or 30 years. And even see more for some real estate Robin Hoodment projects. It should be known that several credits can be cumulated:

  • The 0% interest rate loan
  • The social housing loan
  • The loan agreement
  • The Housing Savings Loan
  • The All Habitat loan
  • The loan Relay
  • The resale credit
  • The loan 1% housing
  • Personalized Housing Assistance (APL)
  • Etc…

So if monthly mortgage payments have become very high for the balance of household budget management, in this case it is recommended to buy a mortgage. If borrowers wish to reduce the monthly payments of their current loans (real estate loans, construction loans, etc.), the repurchase of real estate loans offers them the possibility of rectifying a situation of management of degraded bank accounts.

A real estate loan restructuring formula that allows borrowers to undeniably reduce the burden of monthly installments. However, it should be noted that the repurchase of mortgage increases the number of monthly payments to be refunded. Real estate loan consolidation is, of course, a substitute credit distributed by a credit redemption organization specific to this area of ​​activity.

Advantages of buying real estate loans

Advantages of buying real estate loans

The redemption of real estate loans has the advantage of grouping an amount in euros equivalent to the totality of the sum due to the remaining capital due from the current appropriations. The principle of pooling real estate credit is to obtain a sharp decline in monthly payments and this in order to allow subscribers to rebalance the management of the home with the benefit of a more than advantageous debtor interest rate.

The profit and the objective of a real estate loan restructuring is to carry out a total spread of the real estate loan taken over and subscribed a few years ago. Customers must then get a single monthly charge to manage. A solution that avoids inevitable over-indebtedness and debt become thus compatible with the household income of the debtor(s).

A real estate loan restructuring operation increases the subscribers’ repayment capacity, taking into account a considerable reduction of 30 to 60% according to the situations encountered. Customers have the advantage of being able to benefit from an additional cash envelope for the good payment of their future projects like works or a new car vehicle, but also to fill a bank overdraft, etc.

Credit redemption and over-indebtedness

Credit redemption and over-indebtedness

Do not renegotiate your real estate credit directly with the current lender. Brokerage firms specializing in the real estate buyback sector are at your disposal to study with you all the possibilities of successfully restore your financial situation to avoid over-indebtedness. Failing that, there is still the possibility of seizing the debt distress commission from the Bank. It will constitute a file which favors a study of the file for a lending organization.

The acquisition of credit overindebtedness is a banking operation that aims to restructure all its debts and credits into a loan (mortgage, consumer loan, waive expenses or subscriptions, auto credit, work, renewable, tax debts, personal, etc., thus allowing a staggering of the new credit and a high reduction of the amount of monthly payments to be refunded from 30% to 60%.

However, it must be emphasized that the purchase of credit is not essentially a solution that in the case of over-indebtedness, it can also offer a household an additional income to allow the establishment of a programmed savings, or where you can simply invest.

Overindebted? How to buy a loan for his debts?

A few lines about the phenomenon of over-indebtedness of households in France!

Top news headlines published throughout the text of this article: ” Over-indebtedness your questions and our expert answers ! And ” How to deal with a situation of a wallet on the verge of bankruptcy ? But also the cure for curing an excessive indebtedness! “

Over-indebtedness your questions our answers!

Over-indebtedness your questions our answers!

A person, a home, everyone can find themselves financially blocking any time of its existence!

Spending and compulsive buyers

Spending and compulsive buyers

I still remember a childhood friend, his name is Marc, he was not to say always, very often in excessive debt situation. His case is not unusual, problems of compulsive shopping on credit that have led him to live hard to get treatment for addictions to expenses related to personal recreation. The worst of his money – related troubles was the compulsive purchase of shoes thinking that they were a reflection of “knowing how to dress and be a class man”.

But the problem is that this wrong or true thinking has led many times the management of its debts with the help of the Bank of France (BDF), more precisely by filing a debt overbank for bank prohibition following the clumsiness of rejection unpaid check ! Fortunately, after much effort and a financial education course as in school (memories), he was able to correct errors in budget management and get off to a good start!

Good manager and very nice

Good manager and very nice

When the profession is clearly called credit union broker, necessarily according to the professional seniority of the financial advisor, if the latter has several years of experience to his credit, then he has inevitably already had the opportunity at least once during the client file instruction whose object of the request is a grouping of credits, the profile of self too kind and which helps financially towards his relatives as a good father for example.

One day a client explained that she is still in debt for the same reason, helping her 28 year old daughter today. The latter does not cease to accumulate more or less important expenses than it assumes monetarily of itself by its own resources.

Here are some concrete examples :

  1. constantly short current account producing bank charges charged for catastrophic fiscal management,
  2. divorce from a first marriage with a dependent child and whose father abandoned them economically,
  3. personal vehicle suddenly out of service so Faginment of a new vehicle, etc.).

What to emphasize :

  • The mother has reached a debt ratio of over 80%, much higher than her monthly executive salary of € 4000, and a monthly charge of € 950 corresponding to the monthly payment of the loan to the real estate accession..
  • The girl is unemployed, and more precisely, an isolated mother at home.

Over-indebtedness file: over-indebted how to do it?

Over-indebtedness file: over-indebted how to do it?

To really know how people feel about becoming insolvent, or bankrupt individualist, you just have to live the journey! But better avoid losing the management of his Fagins, and not get sick not to sleep at night!

Free advice on pecuniary difficulties:

  1. Do not go into exile socially
  2. Talk to a trusted family member (family or trusted friend (s)) and talk to them for advice
  3. Do not ostrich creditors, get closer to each other and discuss intelligently
  4. If a bailout can get you off to a good start, try getting help by lending money. Of course, pay it back little by little, and define a payment splitting of debt while respecting the capacity of the over-indebted to pay an expense on a fixed date of payments.
  5. If the issue does not find any way out of a restoration restoring order in the management of the accounts, then it is necessary to file an over -indebtedness file with the services of the Bank of France.

How to redeem bank receivables?

How to redeem bank receivables?

The Faginment plan with the characteristics of the financial product enabling the repurchase of bank loans is the conclusion of a durable and adapted recovery in order to offer a perfect control to the good stewardship of its own funds.

The 4 questions regarding the purchase of loans and receivables

It is not uncommon for a borrower to be overwhelmed by his monthly payments. Fortunately we can rediscuss or group in case of several loans.

These two processes aim to reduce expenses as much as possible thanks to an interest rate discount or an extension of the repayment period.

What is a redemption of credits?

What is a redemption of credits?

A financial operation that can also be done by grouping a mortgage with consumer credit, personal loans, arrears of rent, overdrafts, etc. This is an offer that is a suitable solution to reduce the constraints related to the transfer of credits.

The redemption of credits makes it possible to have only one credit file. The lending institution is thus forced to reduce its interest rates in order to fulfill its obligation to the law to charge not more than a monthly charge suited to your fixed income.

The 33% debt ratio bar is not a debt restructuring index. Indeed, can be refinanced files whose debt ratio can reach 50% of debt provided that a remain to live is enough to allow to cope with household expenses daily while keeping control of the management budgetary.

Why make a loan consolidation?

Why make a loan consolidation?

With the case of continual increases in taxes (income, land), more and more households are struggling to make ends meet because of too large monthly payments cumulated. The best solution is undoubtedly to consolidate loans, but this is not always possible for everyone.

So from where the interest to address an intermediary specialized in operation of repurchase of the debts, and this in order to negotiate a reduction of the rates of credits, but also an extension of the duration of payment. The offers are often very attractive and vary from one brokerage company to another.

It is up to you to choose the one that is willing to make you benefit from an offer, the most adapted to your particular needs, because any situation of loan of money is unique.

What is a good credit redemption broker?

What is a good credit redemption broker?

In the face of the multiplication of credit redemption companies, it is not easy to choose the one to which one must turn to obtain a better result.

In France, many are indeed the credit redemption brokers Some key points need to be taken seriously to get on the good. Your broker should be willing to listen to you, reassure you and accompany you.

It is also important that it has at least regional coverage. An important asset to evaluate the price of a property. Also remember to check his experience in this business.

Then check the performance of its simulation tools. Finally, does it offer a varied range of bundled credit offers?

Reminder and example on homeowner loan buyback loan

A consulting company is primarily an organization specializing in the area of ​​credit redemption and interest rate renegotiation. A service mainly reserved for private owners of at least one property. However, the broker also offers solutions for homeowners. Discover through this article a reminder followed by a succinct example of buyback of credits for owner.

Buyback credit for owner: reminder!

Buyback credit for owner: reminder!

As a reminder, the repurchase of credit for owner is aimed at the profiles customers borrowers owning or accessing the property resident in France (excluding DOM). Indeed, what differentiates a repurchase of homeowner loan repurchase to a pool of tenant loans is indeed the aspect of owning real estate property.

The types of loans bought back are real estate loans and consumer loans. Student loans can also be refinanced in the event that the borrower is the guarantor for his/her child (ren). Business loans can also be bought out for the liberal professions only. Under certain conditions, it is eligible to restructure In Fine loans, as well as bridging loans or subsidized loans, or outstanding loans held abroad for the countries bordering the Eurozone and Switzerland.

Possibility of plan a cash flow or personal and/or professional overdrafts ( for the liberal professions ). The repurchase of credit for owner is an alternative for a family debt (ascending/descending) with proof of the debt, but also the opportunity to pay totally tax debts (except professional debts).

The loan consolidation offers to owners the ability to (x) the applicant (s) can get a cash comfort and one or more new projects. The amount of unallocated cash is ten thousand euros maximum. When to the affected projects:

  • Cars, boats, motorbikes, motorhomes, children’s studies, etc.: 30 000 € maximum
  • Works: up to 75 000 €

Example repurchase of credit for owner

Example repurchase of credit for owner

Today, interest rates remain historically low. An economic context that leaves many opportunities for credit holders to renegotiate their rate down and thus be able to save money by reducing the cost of borrowed money.

While the simple renegotiation of mortgage rates reduces the interest on mortgages, debt restructuring offers the advantage of being able to obtain lower interest on consumer loans. The mortgage repurchase market offers the opportunity to holders of real estate credit (s) and personal loans or consumer loans to generate a considerable profit.

In the case of an owner (s) with outstanding real estate loan (s) whose fixed debit interest rate is greater than 3% and the remaining term to be amortized is greater than 15 years, it is recommended that buy a homeowner loan in order to obtain a much more attractive interest rate of up to 1.70% over 15 years. Depending on the reduction in the depreciation period, the gain on operation may be greater than 40K €.

As discussed in the above-mentioned paragraph, the advantage of grouping homeowner loans is that non-real estate loans can be refinanced. However, in order to get the best credit redemption rate at the best rate plan must consist of a mortgage recovery of over sixty percent. As a result, consumer credit, whose rates are generally high, is smoothed with all the remaining capital due from the mortgage, and enjoys a real estate rate.

For more information and advice, do not waste a minute, contact one of our specialist advisers!