Business Loan

What is the business loan?

Business loan is an unsecured loan for financing current operations and investments. Business loan is a good solution for small and medium-sized businesses, to which banks may not lend due to lack of suitable collateral.

Business loan can be a reasonable solution for a start-up business in case you lack the initial investment or sufficient collateral to obtain the bank loan. Unlike the Kredex start-up loan, MoneyZen does not impose any restrictions regarding the operations history of the applying company.

Each loan is a financial obligation that must be repaid. Consider the loan terms carefully. As a result of loan repayment default your loan debt might increase due to reminder fees and other costs associated with the debt collection process.

Advantages of MoneyZen Business loan

  • Reasonable interest rate
  • Borrow up to €10 000
  • Loan period up to 7 years

Recommendations before applying for a loan

  1. Consider carefully if you really need a loan and in which amount Why?
  2. Investigate and compare the terms of several loan providers Why?
  3. All your loan repayments should not exceed 33 percent of your total monthly income Why?
  4. Make sure that you have considered all additional terms and costs Why?