Self-employed receive quick loans

For small businesses planning an investment, financing at the house bank is no longer the only option.

Online lenders such as Good Lending now offer a cheap and above all fast alternative. 

Online lenders such as Good Lending now offer a cheap and above all fast alternative. 

Since 1997, the 46-year-old computer science engineer has been developing tailor-made solutions for plant production. Together with a team of 5 specialists, Borrower advises organic laboratories worldwide on the IT-supported production control of plant cell tissue. When he and his partners decided at the beginning of 2010 to set up a new technology location in Berlin-Charlottenburg, they needed a financing solution.

Due to many years of experience

Due to many years of experience

Borrower first turned to his house bank and submitted a loan application. However, he soon learned that this process would take a long time and would also require extensive collateral. Borrower: “We noticed that the banking channels are very slow nowadays. It was important for us now to get a loan on favorable terms and – which is incredibly important for the self-employed – to use without extensive securities. “

Therefore Borrower looked around for alternatives at the same time. He had already heard about Good Lending through a television report. After a closer look at the online platform, he decided now for a loan application in the amount of 22,000 euros. “For me as a self-employed person, the Good Lending loan was the best alternative, because a) it does not need to be collateralized and b) it can be cheap if done correctly. And it was really fast with Good Lending, “explains Borrower in an interview.

 

It was easy for him to register with Good Lending: “I completed the application online and carried out the Postident procedure at my local post office. Shortly thereafter, the feedback from Good Lending came that the documents have been received. Then there were a few more questions from a competent customer advisor. She also phoned me on the mobile phone in the evening after 6 pm to complete our project as quickly as possible. “

 

With a term of 60 months

With a term of 60 months

Borrower then offered the Good Lending investors an interest rate of 7.8 percent. “We have said we want to offer investors a fair interest rate. They have no collateral. At the same time, I also wanted a cheap loan that pays off financially. “With the online publication of his credit project, the financing round on Good Lending began now. Within just 22 hours, there were a total of 45 investors. After that, it did not even take 2 more days for the money to be in the business account.

In retrospect, Borrower is convinced of the efficiency of the Good Lending system: “It was right because it is quick and offers planning security. For entrepreneurs it is crucial that you know after a few days: yes or no. If, on the other hand, I see my house bank request, made in June 2010 and still running today, that is practically the opposite. “

But what would Borrower say to his Good Lending investors, whom he never met in person? “Of course, first of all, thank you for your trust. I think it’s fair that you can do business with each other directly and that both sides benefit from it. “

With the help of the Good Lending loan, Borrower and his partners are expected to move into their new headquarters in late September.

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