How To Get A Business Loan Quickly

2018-01-08

So, a person walks into a bank…

 

It sounds like the start of a riddle, doesn´t it? Well, in today´s day and age, walking into a bank kind of is.

 

To a small business owner, the saying “time is money” is a reality. When running an SME, every minute counts.

 

With that in mind, when it comes to securing a short-term loan to help your business during a tricky period - whether it´s for inventory, new equipment, salaries, or whatever your business needs - what are your options for financing?

 

Walking Into A Bank

As an entrepreneur, think about the last time you walked into your bank to discuss a business loan. You were probably told to take a seat and wait and that a banker would be right with you.

 

Thirty minutes later, you´re still waiting. In fact, depending on the time of day, you can be waiting well over an hour.

 

When you´re running a small business, who has the time to wait?

 

Paperwork and More Paperwork

Once you finally do speak with a representative, we hope you remembered to bring in your business ownership certificates, transaction receipts, tax statements, and more.

 

It´s likely you will need all of those documents when completing half a dozen or so pages for the loan application.

 

While You Wait…

While you´re waiting to speak with someone about your loan, chances are you on your smartphone checking to make sure you haven´t missed anything back at the office or store.

 

At a time where everything we do is done via our smartphones, it makes sense that business owners can apply for a business loan from their phones.

 

Welcome to Ferratum Business.

 

The Power Is In Your Hands

With Ferratum Business, you can apply for a short-term loan right there on your phone. We know business moves fast and conventional bank financing is often complicated and too slow to meet the needs of businesses today.

 

We created Ferratum Business to provide businesses like yours fast, online loans that give you the working capital you need right when you need it.

 

Lending, Simplified

At Ferratum Business, we've simplified small business lending. Since our loans applications are completed either online or from your smartphone, there´s no paperwork, and no waiting in line.

 

Our application process takes less than 5 minutes to complete. You can get approved for up to 50,000 GBP  and get the working capital you need the next day.

 

Remember the saying “time is money” from earlier? Well, now you don´t even need to leave the office.

 

More great stories and tips on our blog!

 

Want to know more about how Ferratum Business can make your life easier? Learn more here!