You need capital to grow your business. By taking out a business loan with Grow you can boost Your company's turnover. With external power you can, for example, expand your business premises, expand the fleet or renew your inventory.
You can take out a suitable business loan at Grow. We can help you with a discount on the costs.
For borrowing business money from Grow, the bank does set the necessary requirements for you and the company. You must demonstrate with annual figures that Your company is financially healthy. The bank is also interested in your financial affairs as an entrepreneur. Grow may also want to know more about your financing plans.
What does a business business loan with Grow entail?
Grow offers several loan forms . Which loan form you choose depends on your spending goal. Grow maintains fixed terms for purchasing business assets.
A business loan for a company car has a standard term of 3 years. When buying a commercial property, it is over a maximum term of 20 years.
Do you opt for a fixed or a variable interest rate?
Going for a fixed interest rate offers the advantage that you will not experience any interest rate increases during the term. A disadvantage is that you cannot benefit from a further reduction in interest rates. Due to the very low interest rate at the moment, choosing a fixed interest rate is wise.
After years of declining interest rates, we will be faced with an interest rate hike in the near future. But interest rates cannot be predicted. By fixing the interest, you fix the monthly costs and you can no longer get unpleasant surprises in that area.
What costs do you incur for the business loan at Grow?
The monthly costs consist of repayments and interest. The bank charges 1% commission with a minimum of € 250. The commission is calculated on the principal of the loan. The bank may charge costs for additional repayments.
Grow also charges € 125 for interim changes and conversions. Do you want to take out a business loan with Grow? You get a discount through us.
Discount on closing commission
By applying for a business loan from Grow through us, you will receive a discount on the costs. We guide you through the application from A to Z. And can negotiate a discount on the closing commission, or even cancel it entirely.
In addition, we also negotiated lower interest rates and better financing conditions for hundreds of other entrepreneurs. Do you also want a discount on Your business Grow loan? Apply for your loan here.
What interest can you expect?
Grow uses very different interest rates. The interest that you are going to pay depends on, for example, the term of the loan and the amount of the loan. The amount of interest owed will be assessed for each business loan applied for. The fixed debit interest can be as high as 12.75 percent.
What are the conditions of Grow?
You can request a business loan from Grow for various legal forms. You can also knock at the bank with a sole proprietorship or as a self-employed person. The company must be established in the Netherlands and also be registered with the Chamber of Commerce. Grow only accepts you as a customer if you have a business account with the bank. Or you must be willing to open the account after all.
You must be able to submit annual figures for two closed financial years. Is that not possible? There are still options under certain conditions. You as an entrepreneur are also tested. You are not allowed to register arrears with the Credit Registration Office.
Rules if your company has been in existence for less than three years
Without annual figures over two years, you can still request a business loan from Grow under certain conditions. For this you must meet the next one conditions:
- You have a starting capital;
- You have equity;
- You have insured business and liability risks;
- Your company has existed for at least 18 months and you can supply annual figures for one closed financial year;
- Your business plan has been approved by an accountant or an accountant.
We will arrange the complete financing application for you
By applying for the Grow business loan through us, you can count on our support. We guide the application for the loan for you. In addition, we can negotiate a discount for you on the commission for a business Grow loan.
Our experience and good connections at Grow give you an increased chance of success.