Operating loan up to 1 million crowns without providing financial statements
Whether you run an e-shop! a carpentry workshop! a restaurant or a convenience store! you have certainly encountered fluctuations in income and expenses. Especially for small or seasonal traders! it often happens that they need to quickly pre-stock! but they do not have sufficient funds. Processing operating loans in such situations can be too complicated and time-consuming! as it involves processing financial statements and other documents for the bank and an often lengthy approval process.
ČSOB knows that flexibility and quick resolution of unexpected situations are the key to the success of small businesses. That is why this bank was the first in the Czech Republic to introduce a new loan for merchants ! the aim of which is to simplify and accelerate operational financing as much as possible . You can get 20 thousand to 1 million crowns! which you can use for any operational expenses! immediately and completely without paperwork.
Automatic daily payments that you won’t even notice
It is absolutely simple not only to obtain but also to repay phone number lead the loan. You no longer have to think about any monthly payments or take them into account in your financial planning. The payments are deducted automatically from transactions via a payment gateway or terminal. You will hardly notice the small ongoing payments in your cash flow.
In addition! the repayments will not start until the 15th day after obtaining the loan! so you will have enough time to stock up on inventory and sell goods. This means that you will only repay the loan when the invested money starts earning money for you.
Fixed interest! no fees and repayment terms according to your needs
Of course! the issue of interest and fees is also crucial for when will mum be released? smaller merchants. With the new loan for merchants from ČSOB! you don’t have to worry about any fees or unexpected expenses. You will always know all costs in advance to the nearest crown – the interest rate is fixed! namely 0.99% of the amount provided for each month of maturity. Simply choose the desired maturity period from 3 to 11 months and immediately find out how much you will pay in interest.
With a loan for merchants from ČSOB! you don’t pay any fees ! not even for early repayment or an extraordinary installment. And what if you don’t have enough transaction volume to repay the loan? The minimum monthly installment is just 5% of the principal! so you can simply pay the missing amount! also without additional fees or penalties.
TipSolve ESG reporting requirements and determine the carbon footprint of your company or product easily within one platform. ČSOB clients also have the free calculation of Scope 1 and 2 carbon footprint with Green0meter .
Get a business loan without paperwork for you too
The loan for merchants is intended for all ČSOB clients (both natural and legal persons) who have been actively using a payment terminal or payment gateway for at least 3 months . You do not have to meet any other conditions to obtain the loan.
ČSOB automatically sets a credit limit for you based on your fax lead terminal or payment gateway turnover! so you don’t have to provide any documentation. This limit is already pre-approved and you can check its amount online at any time in your electronic banking. You can then arrange the loan itself at a ČSOB branch or client centre.
Don’t have a business account with ČSOB yet? Open one online in just a few minutes and take full advantage of all the benefits it brings to entrepreneurs.