If you own a business and need financing to help it grow, you may be looking for a loan.
You can get many different types of loans, but sometimes, it can be hard to find one that’s right for you.
That’s where Acredius can help. As a marketplace lending platform, Acredius can help you find people willing to finance the growth of your business. And because we use alternative data to assess creditworthiness, we may be able to approve a loan for you even if it does not fit the box of traditional institutions.
Obtaining a loan as a small or medium-sized enterprise (SME) in Switzerland can be challenging, especially for those looking to secure financing through a marketplace lending platform.
One of the best things about borrowing funds through Acredius is the fast and easy process. You can apply online, and if approved, you can instantly expose your business to a global pool of investors. That’s much faster than a traditional loan, which can take weeks to process.
If you only need a bridge loan for a short period, Acredius might be a good option for you too. Marketplace lending loans often have shorter repayment terms than bank loans, so you’ll have to repay the loan faster. But if you’re sure you’ll be able to repay in due time, it’s an excellent way to get the funds you need quickly.
Still, there are specific eligibility criteria that SMEs must meet to qualify for a loan from a marketplace lending platform.
One of the primary eligibility requirements for SMEs in Switzerland is that the business must be legally registered and operating within the country.
In addition to being a legally registered business, SMEs must typically have a good and available financial history to qualify for a loan from a marketplace lending platform. This is because the platform will use the financial statements, among other elements, to indicate the borrower’s creditworthiness and ability to repay the loan.
Marketplace lending platforms may also have requirements related to the borrower’s financial stability. This may include requiring the business to have a certain level of annual revenue, a minimum amount of cash on hand, or a certain level of profitability.
Finally, some marketplace lending platforms in Switzerland may have requirements related to the purpose of the loan. For example, the platform may only offer loans for specific businesses or business expenses, such as equipment purchases or expansion efforts.
Overall, the eligibility criteria for SMEs to obtain a loan from a marketplace lending platform can vary depending on the specific platform and the type of loan sought.
It is crucial for SMEs to carefully review the eligibility requirements of any platform they are considering and to be prepared to provide the necessary information to demonstrate their creditworthiness and financial stability.