Professionals have particular needs, particularly in terms of professional financing. That is why a special loan is directed to them. It’s about the professional loan. It intends to respond to some of the priority needs of companies. It actually covers essentially three different types of loans, which are classic loans, factoring or even financial leasing.
Still called credit company, professional loan is aimed only at professionals recognized as such. Indeed, only the liberal professions, craftsmen, merchants, farmers or still associations and MPE (very small businesses) can have advantages of loan professionals.
By professions, there still must be understood to physicians, attorneys, midwives, nurses, dentists, notaries, goalkeepers of podiums, the geometricians (surveyors), pharmacists, kinesitherapists, chiropodists (the pedicures) podiatrists or still architects, des experts comptables, optical, speech therapists, osteopaths, paediatricians and veterinary…
Very often, the loan is intended to finance the clean needs of professionals and companies. These needs widely differ from the needs of individuals, particularly from the part they imply.
Thus, professionals can hire a professional loan to finance equipment needs, real estate needs or still needs in treasury.
Equipment needs have to be understood as the needs in materials without which the professional cannot exert its activity under satisfactory conditions.
For the real estate needs, there is also a need in building to which the professional must respond. The typical example is the doctor’s office for example. But it can also be the warehouse of an MPE.
Finally, the needs in treasury correspond to the financial needs necessary for the activity of the company. It is of course to ensure a rolling fund for example, or then to finance a capital increase, an acquisition of social …
Regrouped behind a single term, several types of different loan coexist. The professional loan covers both professional banking credit and loans adapted to the profile of professionals. But OFFICE FUNDS can only offer its customers among loans adapted to the profile of professionals, crowdlending.
The professional bank credit
Professional bank credit corresponds to the same reality that credit subscribes for individuals. However, there are more or less advantageous conditions. Thus, the professional must provide a personal contribution of more than 10% at the time of subscription for professional credit, particularly if it is a business creation or a recovery. The short-term credit also covers various realities such as the cash or overdraft facility that allow securing a rolling fund to the company and favors its flexibility over a short period.
The amortizable loan
This corresponds to the loan where the monthly repayments simultaneously reimburse the capital and interest over a certain duration.
The credit reserve
The reserve of credit or permanent credit consists, for a company, of having a permanent, reconstitutable or renewable amount of money every year..
The rescue credit
Opting for a credit rescue, an entrepreneur can regroup all his debts in a single loan, ie with a single monthly payment at a fixed rate and only.
Loans adapted to the profile of professionals
Crowdlending is a form of participatory financing via a paid (with interest) or unpaid loan. For that, the company is done on a loan platform in order to carry out its campaign. Then, collect the funds that come online. This is what is called Peer to Business (P2B investor).
Before financing a business project, a financial institution examines several criteria, namely:
The credibility of the project
In order to convince a credit institution that grants a loan, the project bearer must supply a clear and structured presentation for the project. In addition, the project must be ELEGANTON: specific, measurable, achievable, realistic and temporarily defined.
The solvency of the company
Most prized financial information of banks, the solvency of a company simply indicates its ability to repay their debts (short or long term). Well, lets know the financial health of the company before granting a loan. The directors of the school’s solvency measure are: the financial autonomy ratio, the repayment capacity ratio, the general liquidity ratio.
The quality of the business plan
In effect, financial preventive (balance sheet, profit and loss account, financing plan, financial ratios) already constitutes the quantitative aspect of the business plan of the company. However, the qualitative aspect is also essential to be able to enjoy a professional credit. It is about the market analysis, the competitive environment, the objectives and the strategic positioning, etc.
The advantages of professional investment loans are numerous, such as:
- The recourse to the loan professional may enable you to get a 100% financing without VAT, and this in order to not shed their cash, but in certain cases, a personal contribution may be requested,
- Possibility to choose your duration of repayment, being next the useful life of the object financed,
- Possibility of early repayment,
- Possibility of deducting the loan interest in the line « financial expenses » of the income statement,
- And in general, a great flexibility, the bank can often take into account particular situations.
When you intend to invest in a material necessary for life and for the development of your company, you can either choose to self-finance from your own funds, or choose to request OFFICE FUNDS to obtain financing.
If you choose to resort to bank financing, you must submit a complete file to OFFICE FUNDS, which must include at least:
- The budget or the invoice of the material,
- Your last account balance and income statement,
- Your financing plan.
OFFICE FUNDS will analyze these documents and eventually ask for information supplements to assess the financial soundness, the profitability of your company and the capacity you have to repay this loan.