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