Growing, investing or handling peaks? Flexible financing makes it possible
Growth costs money. Whether you have just started or have been in business for years, there may come a time when you need extra capital. For example, to buy inventory, make an investment or absorb a temporary dip in your cash flow. A loan can be the right solution, as long as it is a loan that suits you. Flexible loans give you room to grow based on your revenue.
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What are flexible loans?
With a regular loan, you repay a fixed amount over a fixed term. A flexible loan lets you respond much better to what your business needs, which gives you more room. If you earn a bit more one month, you pay off your loan faster. If things are a little tighter financially, you spread the loan over a longer period. That way, you are not stuck with a strict repayment deadline.
What are the benefits of flexible financing?
Getting a loan from a bank has become increasingly difficult in recent years because of the requirements banks set. Flexible financing is more accessible in that respect, although you do of course have to repay the full amount in the end. Here are the benefits of flexible financing at a glance:
1. No annual financial statements required
The application process for a flexible loan is usually easier than for a traditional loan. For a traditional loan, you often need to submit several documents, such as your annual financial statements. Flexible financing works differently: lenders usually look at your monthly figures instead. That makes these loans accessible to startups, which often do not have extensive annual reports.
2. Insight into your repayment process
Most providers also offer a platform where you can clearly see how much you still have to repay. In many cases, flexible financing can be requested through third parties. They make sure your repayments are automatically deducted from your revenue. This saves administrative work and prevents you from missing a payment. For example, through Buckaroo you can apply for flexible financing from YouLend.
3. Fast payout
You can apply for many forms of flexible credit online, and you often know where you stand within one day. That way, you quickly know:
- Whether you can apply for additional financing
- How much additional financing you can apply for
- When the money will be available
Once your application is approved, the amount is in your account within one business day and you can put your growth plans into action.
Is flexible credit right for my business?
Want to know which type of flexible credit suits your business best? Contact one of our partners, YouLend , for more information. They will be happy to advise you on the options.
Frequently asked questions
What is a flexible loan for business owners?
A flexible loan is a form of business financing where you repay based on your revenue. You pay back more in good months and less when business is temporarily slower. That way, you keep some financial breathing room.
When should you choose flexible financing?
Flexible financing is ideal if you temporarily need extra capital, for example to buy inventory, invest in growth or absorb a peak or dip in your cash flow.
What are the advantages of flexible loans compared to bank loans?
Flexible loans are often arranged faster, require less paperwork (such as annual financial statements) and are tailored to your revenue. The payout also usually takes place within one business day.
Do I need annual financial statements for a flexible business loan?
No, in most cases annual financial statements are not required. Flexible lenders prefer to look at your current monthly figures, which makes this option accessible to young businesses and startups.
How quickly will I receive the money from flexible financing?
Once your application is approved, the money is often in your account within one business day. So you can get started on your plans right away.
Is a flexible loan also suitable for startups?
Yes. For startups without extensive financial reports in particular, a flexible loan is often the most accessible option for business financing.
How do I apply for a flexible loan through Buckaroo?
Through Buckaroo, you can easily submit an application to our partner YouLend. You will know where you stand within a day, so you can move quickly.
