Business Loans

What Is A Corporate Credit/ Business Loan?

A corporate credit or business loan refers to a debt-based funding agreement between a financial institution or financing company and a business. These loans are typically extended to a business or company rather than an individual or government entity.
The business receives the amount of money requested and repays it with an agreed interest for a set period. Typically, the amount a company can receive is determined by its assets. The loaner can give out up to 70% of the business asset’s value.

When Should You Consider Getting A Business Loan?

There are plenty of reasons why you should consider a loan for your business. You have to evaluate your options and ensure this is the best decision for your business. Here are some of the critical scenarios for when you should consider getting a business loan.

• You want to expand your physical location or invest in company assets
• You want to increase your business inventory
• You want to build credit for the future
• You have a business opportunity that outweighs the debt and need funding
• You need to onboard more talent

Advantages Of A Business Loan

Many business owners fear getting a business loan or corporate credit for a reason. However, the needs of the business may outweigh your concerns. Getting a business loan doesn’t always come with a disadvantage. Here are the advantages of getting a loan for your company.
Working capital support
Especially when your company grows, you need working capital, and a loan can help you get more working capital fast.
A Financial company or institution like a bank will not interfere with your business operations.
Choosing a loan from a financial institution rather than from an investor leaves you with more freedom. Typically, Investors have a saying in your business operations, and financial institutions have not.

• No need for collateral or asset holding
• It helps you build credit for the future
• Reasonable interest rates

How PrestaFlex Can Help You To Get A Business Loan

For nearly a decade, PrestaFlex has supported businesses through securing corporate credit and loans. PrestaFlex offers comprehensive financing packages to meet different facets of any business. Moreover, PrestaFlex negotiates the best interest rates and conducts the most detailed financial health analysis to protect clients. Plus, PrestaFlex works with over forty funding financial companies on its partner network.

Securing a loan with PrestaFlex is pretty straightforward. All you have to do is submit an application via the online form, email, or phone call. Within 24 hours, PrestaFlex will conduct an in-depth financial analysis for your business, share a financial overview report and financing options, and get the paperwork done. After this, you can choose your package, finalize the agreements, and have finances released to your business.