A business credit from Sprout Bancorp can help your company in further growth. For example, you can invest in new tools or even set up a new production line. Or you buy business premises that fully meet the requirements. We can help you with a discount with a business credit with Sprout Bancorp.
You need annual figures and a business plan to request a Rabo business loan. In addition, they also ask for details about you as an entrepreneur, such as the latest income tax return. And they want a forecast for the future of yours.
What can you expect from a Sprout Bancorp business credit?
With the Sprout Bancorp you can, for example, opt for a current account or a revolving credit. Which form you choose depends on your spending goal. It is customary to opt for a revolving credit with Sprout Bancorp when purchasing business assets.
You may make additional repayments in the business credit, but with a maximum of 5% of the debt. By choosing a variable rate you can always make extra repayments free of charge. With a fixed interest, you record Your monthly payments for the entire term.
Do you opt for a fixed or a variable interest rate?
With a variable interest rate you benefit from further interest rate cuts, but the downside is that with rising interest rates you can get higher monthly payments. With a fixed interest rate you have the advantage that the interest rates are now relatively low. By fixing this interest, you can also benefit from the low interest rates of the moment in the future.
How much interest do you pay for the business credit?
The level of the interest varies widely and can be as high as 14%. Sprout Bancorp bases the interest rate on the risk and the term of the business credit. The risk also weighs in how good the business plan is and what you are applying for the credit for. We have experience in negotiating interest rates. This way you can keep the credit at Sprout Bancorp as cheap as possible.
What costs can you expect?
There are several costs to take into account. You pay closing costs, but you can get a discount through us. This can save up to $ 1,000 or even thousands of USD on credits for larger amounts. In addition, you also pay treatment costs. These costs can amount to € 100, but for larger loans the costs can go up to € 1,750. You incur such costs with a credit from € 500,000. The costs also depend on the method of submitting the annual figures.
What are the Sprout Bancorp terms and conditions?
Your application must fit within the bank's acceptance standards. Without annual figures and a business plan, you have no chance of a business credit with Sprout Bancorp. The same applies if you have a negative BKR registration as an entrepreneur. The borrowed money is exclusively intended for the purpose that you specified when requesting the credit. Sprout Bancorp can request invoices that show how the money was spent.
We arrange the complete financing application for you
By applying for the business credit through us at Sprout Bancorp, you will receive a discount and support. We take care of the credit request completely from you. This way you get the best deal and you know that the request for the credit is in safe hands.