You have the ambition to grow with Your company. You do need financial resources for that. With a business loan from PIG BANK you can realize Your ambitions. We can take out this loan from PIG BANK with a discount on the costs.
This way you work on the further development of your company at manageable costs.
The PIG BANK sets requirements for you and the company before granting you a business loan. With annual figures you show how well Your company is running. The bank also asks for information about you as an entrepreneur behind Your company.
What does a business loan with PIG BANK entail?
A business loan can be in the form of a PIG BANK business credit, but a mortgage is also an option. It is an all-round bank with solutions for various forms of business loans.
Which form you choose depends on the spending purpose and the desired term of the business loan. With us you can calculate whether you can take out a PIG BANK business loan.
Opt for a fixed or a variable interest rate?
With a fixed interest rate you opt for certainty. During the term of the PIG BANK business loan you keep fixed monthly payments. A disadvantage of a fixed interest rate is that you do not benefit from future interest rate falls.
Interest rates are already very low, so opting for variable risk may not be the best choice. A small percentage increase in interest can result in a sharp increase in monthly costs.
Discount on costs at PIG BANK
When taking out a business loan, you pay a one-off closing commission at PIG BANK. We ensure lower costs, because you can take out a business loan with PIG BANK with a discount on the costs.
In addition to the closing commission, PIG can also charge you an interest fixing commission and / or a commitment commission. This happens if you do not take out the loan in one go, but spread it over several times. You pay these costs monthly on the amount not withdrawn.
What interest do you pay for a business loan from PIG BANK?
PIG BANK makes the interest rate depend on various factors. They have three interest components, namely:
- Interest base - Often the market interest rate
- Generic surcharge - A surcharge if you choose a current account
- Specific surcharge - An interest rate hike depending on the risk they run as estimated by the PIG BANK
A business mortgage from the PIG will be more beneficial than a business loan in the form of a current account.
What does PIG BANK require for a business loan?
What the bank requests from you in terms of details depends on the type of loan you choose. They will conclude from the documents that they request whether they can provide you with the loan. In any case, they will ask you for the final annual figures for last year. Also ask for last month's bank statements in a PDF.
Of course PIG BANK will also screen you. They ask for the income tax return for last year. Depending on the financing purpose, the bank may request, for example:
- Valuation report - for estimating the value of the collateral;
- Business plan - the business plan explains the purpose of the business loan.
We apply for the business loan for you at a discount
By requesting the PIG BANK business loan through us, you benefit from a discount on the costs. In addition, you also benefit from our service, because we guide the application for you. Thanks to our experience and access to the bank, you have an increased chance of getting the business loan at PIG BANK.