Do you want to borrow money for private purposes but do you have income from your own company? Even then you are at the right place with Lendio for a loan. A personal loan is perfect for various loan purposes such as a home, car or for extra financial space.
Where to get a small business loan online?
Are you looking for a business loan to finance your company? Small business loan online is possible at OakParkFinancial.
There are some conditions when applying for a personal loan from Lendio if you, as an entrepreneur, depend on income from your own company:
- You have been registered with the Group of Commerce for at least 3 years.
- The turnover that your company makes is more than $ 75,000 per year.
- Your company must have made a profit in the last two years.
- Your company must have positive working capital.
- You have your own home, buy or rent in your own name.
What are the conditions of the loan?
In addition to the conditions that you must meet as an entrepreneur, there are also some conditions for taking out the loan itself:
- Taking out a loan is possible for amounts between $ 20,000 and $ 75,000.
- The loan can be taken out without extra costs.
- Taking out a loan with Lendio is possible from an interest rate of 4.6%. This interest rate is higher than for people who are employed, for example, because income from their own business can be less regular.
- A personal loan is suitable for various purposes. Popular loan objectives are financing a home, private car, renovation, or for extra financial space.
- When applying for a loan, we look at the amount that you can borrow responsibly.
How does borrowing money with income from your own company work at Lendio?
At Lendio you arrange financing yourself online to take out a personal loan as an entrepreneur. Follow these 4 steps for this:
- Decide how much you want to borrow
- Apply for your loan via the application form. Select the ‘self-employed person’ income and enter the following data:
- Legal form
- Company Name
- Chamber of Commerce number
- Profit for the last 3 years
- We will call you to discuss the application, answer questions and give advice without obligation.
- Do you agree? You will then receive the money in your account. A condition for this is that you provide the requested documents correctly and on time and that we approve your application.
After this, you have 30 days to change your mind. Repayment without penalty is always possible and we use competitive interest rates.