July 26, 2019

New on the market, online loans are to be granted quickly

 

 

Problems with obtaining traditional funding

Problems with obtaining traditional funding

One of the founders of the Polish Loan Platform believes that the traditional process of granting loans, known from banks, cannot keep up with entrepreneurs. Problems with obtaining external funding appear at the beginning, at the stage of completing the documents. Therefore, credit processes are time consuming and associated with numerous formalities. With the new application, online loans are to be granted quickly and conveniently.

An application that allows you to get cash faster

An application that allows you to get cash faster

With creditstore.com, the customer can get a loan of up to 50,000 PLN for a period of 6 months, but does not have to fill out a stack of documents. The application will ask for access to electronic data and based on it present the terms of the loan. Everything without leaving home, quickly and efficiently.

The creditworthiness assessment process will be carried out in several ways. The entrepreneur will be able to log into Kredit Store.com using a bank account, allegro business account (if the entrepreneur conducts this type of activity), and in the future other platforms associating entrepreneurs – e.g. franchise networks.

By logging in via a bank account, the application will gain access to an account statement from which it will read information about the entrepreneur’s revenues and costs (his average monthly revenues must reach about PLN 10,000). If allegro is used, sales level data can be analyzed – volumes, frequency, value.

Cooperation with BIK

Cooperation with BIK

The founders of the startup have also started cooperation with the Credit Information Bureau, thanks to which they will obtain information on the credit history. However, as one of the company’s owners emphasizes – in the pages of Business Insider – the lack of history in BIK does not block the entrepreneur’s ability to apply for a loan at loanstore.com

Kredit Store.com is proof that the financial market is constantly evolving. Until now, online loans have been the only alternative to bank loans for small and medium-sized companies. It is thanks to them that entrepreneurs could obtain external financing in a quick and convenient way. From autumn, customers will have more to choose.

written by Anthony Graham - Posted in Uncategorized

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