What you should know about borrowing outside the bank.
Non-bank loans against real estate meet the needs of those who need large sums, and for many reasons cannot count on a bank loan, e.g. lack of traditional capacity, negative credit history, insufficient BIK or time pressure.
Contrary to stereotypes, the cost of servicing a loan is not large, comparing it with the cost of servicing unsecured bank loans (so-called “cash”). Access to funds is fast and smooth. – Usually, 24 hours are enough to make a decision and even transfer money to the account – emphasizes by the Member of the Board of Supra Cass Company. Flexibility in terms of the form of collateral, contract duration and repayment form allow you to choose a solution tailored to your individual options.
Greater loan freedom
Loans are usually granted for a specific purpose and non-bank loans are not. Loans can be issued depending on the needs, e.g. for investments, improvement of financial liquidity, payment of bid bond, tender development, purchase of equipment or modernization of machinery. It can be used by young entrepreneurs or startups looking for different ideas to finance their business idea. The loan will also be the right solution for bridge financing. Entrepreneurs can reach for it when they have views on obtaining funds in a certain perspective, e.g. from an investment loan within 2-3 months, issue of bonds or sale of a company asset without time pressure.
Bank loans require the provision of countless information, explanations, business plans, appraisals, and sometimes even company secrets. This is not tantamount to agreeing to receive a loan if the project proves to be unprofitable in the subjective assessment of the bank. – The loan company does not need so many documents because of the loan collateral, it also approaches the profitability of the project differently. To make a loan decision, you only need to provide documents proving you are the owner of a residential property or other valuable asset, e.g. a business premises, hotel or wind farm, which will secure the loan being granted.
Real estate loans are loans for a large amount. The property has a positive effect on the value of the loan. Depending on the real estate in your possession (of which value), the loan amount is determined. It is usually granted up to half of the collateral value. The higher the amount, the greater the possibilities of its use – financing the assumed goal, obtaining additional funds or settling liabilities.