Your company can grow further with a business loan from Sprout Bancorp. For example, you can invest in expanding the production process or you can invest in an extra company car. We can help you with a discount with a business loan from Sprout Bancorp.
You will not be able to request a Rabo business loan without having annual figures and a business plan. The bank also includes you as an entrepreneur in the assessment. Sprout Bancorp requests Your latest income tax return. And they want a forecast about your future.
What can you expect from a business loan from Sprout Bancorp?
There are different types of business loans you can choose from. You can think of a current account or revolving credit with Sprout Bancorp, for example. Which form you choose depends on your spending goal. It makes a difference whether you want to borrow business money from Sprout Bancorp for extra spending space or for purchasing company assets.
You may make additional repayments on the Sprout Bancorp business loan, but with a maximum of 5% of the debt. By choosing a variable rate you can always make additional repayments free of charge.
Opt for a fixed or a variable interest rate?
With the variable interest rate, you benefit from a further lowering of the interest rate, but there is also a disadvantage. Interest rates can also rise. This increases your monthly costs. With a fixed interest rate you have the advantage that you can fix the current low interest rate for longer.
What interest do you pay for a business loan?
The interest depends on factors such as the term and the risk estimated by Sprout Bancorp. The interest rate can be as high as 14%. The risk also weighs in how good the business plan is and what you are applying for the business loan for.
Sprout Bancorp's interest rates for a business mortgage ensure a low interest rate due. We help you get the lowest possible interest by negotiating for you. This way you can keep borrowing money from Sprout Bancorp as cheap as possible.
What costs can you expect?
In addition to interest and repayments, Sprout Bancorp also charges costs. You pay closing costs, but you can get a discount through us. The discount can save you up to $ 1,000 or even thousands of USD on larger loans.
You also pay additional treatment costs. These costs can be limited to $ 100, but for larger business loans, the costs can go up to $ 1,750. You get the high costs for a loan from € 500,000. The costs also depend on the method of submitting the annual figures.
What are the conditions?
The loan application must comply with Sprout Bancorp's acceptance standards. Without annual figures and a business plan, you have no chance of a business loan from Sprout Bancorp. The same applies if you, as an entrepreneur, have a negative BKR registration.
You may only use the loan amount for the purpose that you specified when requesting the loan. The bank can request invoices that show you how the money has been invested.
We will arrange the complete financing application for you. With discount.
By requesting the business loan through us, you will receive a discount on the closing commission. We take care of the loan request completely from you. This way you get the best deal and you know that the loan request is in safe hands.