Small and medium-sized companies account for up to 75% of the total registered companies in the country, in a way that serves to understand that the reality of entrepreneurships and businesses often means looking towards this kind of projects and, why not , to solo or self-employed entrepreneurs. Fintech companies, companies that mix finance and technology to offer better services, are an important part in the development of these ventures.
Fintech Internet Loans
When you have a small and medium-sized company, regardless of whether it is in a consolidation and expansion stage, or just starting out, the financing needs they have are quite interesting, since except for some cases, they are companies that need a great financial boost to reach their levels of development, profitability and commercial viability, which will determine their success in the medium and long term.
But the reality is that the financing options that were available until a few years ago corresponded to 90% of traditional banking entities, and the rest of the opportunities were not worth much because of their high commissions or because of the insecurity of the methods, Although the truth of the case is that many SMEs saw in the banks the only possible way, but the difficulty for approval was something they had to overcome.
And it is precisely in this difficulty where Fintech emerged, which they offer today credits for online businesses, or what is the same, a financing alternative for companies in which it is not even necessary to leave guarantees, pay commissions for approval or have infinite requirements to even have an assessment before giving the opportunity or approval. For that reason, today Fintech is essential for the SME fabric, not only in the country, but also globally, since just as they represent the bulk of businesses, they also represent the bulk of companies that have financing needs.
An efficient solution worth taking advantage of
The financing options that Fintech companies have for small companies and independent professionals are important enough to pass up, being not only an alternative whose approval probabilities are much higher than those offered by any bank, Rather, they represent a dynamic and efficient solution, suitable for the commercial and business reality of the modern economy, very accustomed to the dynamism of the digital age.
Thus, modern financing needs require equally innovative solutions, and Fintech is really that, an innovative solution to the lack of capital for small and medium-sized companies that is worth taking advantage of, although it is good to know how to do it the right way:
- Security: not all companies that offer financing offer the same security or guarantees. The best thing is always to bet on the best known, or better, on those specialized in offering financing for businesses, which will have lower interest rates, longer terms and higher approval amounts with respect to the Fintech focused on personal loans for consumption.
- Healthy finances: Even considering the financing needs they have, a small or medium-sized company, and also an independent professional, should take maximum care of their “business” finances, managing a timely credit history, free of debts except those that benefit in the short term from the productivity or profitability, since that will make the Fintech see an interesting win-win situation, and the financing offers will be even more competitive.
- Smart financing: Financing a project or a business is necessary to grow, that is clear, but financing is not always necessary or it is not necessary for what it is believed to be. Therefore, before requesting financing before a Fintech, It will be convenient to analyze what you want to do, what are the deadlines, the amounts required, the risks and what is expected to be obtained in return. The smarter the financial management -even of external financing alternatives-, the higher the profitability and the benefits obtained from it.
- A strategic alliance: although the Fintech They usually offer opportunities that are incomparable in benefits with what could be found in a bank, it is best to take advantage of them in their fair measure and amortize those that are necessary. The sooner the debts are paid, the sooner the credit history will improve, there will be greater room for maneuver in the short term and the possibilities of new and better credits will be higher.
Advantages of Fintech online credits
- Online application: It is no longer necessary to travel or sit in a customer service office in front of a professional who will not necessarily be thinking of granting the loan as the first option. Fintech companies allow you to request a loan through online forms that are easily completed. The approval is also very fast.
- Flexibility: Both in amounts -which may vary according to the needs and objectives of the company-, as well as in terms and interests, Fintech companies are much more adaptable to the reality of their clients than the rigidity of most traditional banking entities. Using this flexibility in favor allows us to achieve exactly the financing solutions that are proposed, even with better interest rates, with terms much longer than is convenient, and above all, with approval amounts that can exceed expectations.
- Trust: Building a credit history with reliable Fintech platforms offers the opportunity to have a long-term strategic alliance, which for a company that is in the development or expansion phase, can be the confidence and momentum necessary to achieve financial and commercial objectives that the entrepreneurs have raised.
Just as the field of entrepreneurs has improved and changed widely in recent years, in the financial sector new players who see in technology and the use of data the possibility of offering more versatile and efficient services The rules of the game have changed, and today, SMEs have better opportunities in this regard.
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