Business loans

Business loans for SMEs

Check quickly if you can get a business loan! Compare 17 financiers and arrange the best deal. Easy, free and fast funding based on your online bookkeeping!
other entrepreneurs went ahead of you.

Fast

Faster & cheaper

Within 1 minute you know where you stand and after this you send your application for funding to several parties in no time at lower costs.

Supplier

Ask for help

LoanStreet makes it easy for you as an entrepreneur. Still need help? Easily invite your accountant or consultant to help.

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We use the banking level encryption, which makes using LoanStreet safe and secure for you as an entrepreneur.


Get funded in 4 steps

1. Determine your financing requirements

Fill in the amount of money you are looking for and where you need it for. This way, we can later match the right financiers with your request.

2. Connect your administration

LoanStreet 'talks' with Exact Online, Twinfield, SnelStart, e-Boekhouden or iMuis. Because all your data is already in here, this saves you hours and prevents you from doing double work. Next to this your data is always up-to-date. Connecting with the bookkeeping is quick and secure.
Exact Twinfield SnelStart SnelStart

3. Receive your credit score for free

Based on the data from Exact Online, Twinfield, SnelStart, e-Boekhouden or iMuis you know whether you can get funding and where to get this funding within 1 minute for free. There are dozens of lenders included in the LoanStreet check.

4. Loan applications without friction

Now you know where to get your funding, you can directly apply for this funding. Among other things, we will also include a 'robot forecast' for your business which saves you time and hassle. Requesting a loan at several financiers is completely free.

Many satisfied entrepreneurs led the way

Margreet van Roemburg

Owner and founder of HerĂ´me

Funding applications always were expensive and time consuming. This belongs to the past with LoanStreet! You can shoot your application to a large group of financiers and will receive a discount at a lot of financiers.

Merien ten Houten

Oprichter ilse.nl en nu.nl

Normally, after doing a funding application you have to wait for weeks in tension and with an uncertain outcome. One of the best parts of LoanStreet is that you already know in advance what your chances are.

Peter Verhaar

Oprichter Alex Beleggingsbank

The world of SME financing could use some renovation and LoanStreet succeeded in doing that. The wide range of financiers behind LoanStreet is a relief for entrepreneurs.

The benefits of applying for a business loan through LoanStreet

  • You know within one minute whether you can get a business loan and where
  • You can send the funding request directly to multiple lenders
  • Many financiers give you a discount on the interest rate and / or the intake charge
  • You can collaborate online in the application with your accountant, advisor or accountant
  • We receive a compensation from the financier, so it's free for you as an entrepreneur

Costs of the business loan application

Requesting a loan using LoanStreet is free of charge. When you receive a loan from one of the funders, we get a compensation from this funder. We don't care which financier you choose, because we have similar agreements with all of them.

Next to this, at a lot of financiers you will get a discount when using LoanStreet. This makes LoanStreet not only easy to use, but cheaper as well for you as an entrepreneur of advisor.

Frequently asked questions about business loans

When do I qualify for a business loan?
The financiers behind LoanStreet offer business loans and other forms of credit when your company is established in the Netherlands and is registered with the Chamber of Commerce. Most financiers also have a minimum duration of 1 or 2 years, in order to be able to assess your performance. The (legal) form of the company is usually less important, but a VAT number is necessary. Finally, it is especially important how your company performs. Based on, among other things, the loss and profit and balance sheet, it is determined whether your company can repay the business loan.
What costs are associated with a business financing?
Most financiers affiliated with LoanStreet work with a (one-off) closing fee and interest during the term of the loan. The commission can be a fixed amount, or can be calculated over the principal amount of the loan. The interest is always calculated on the financing sum that is still open at that moment. On the financiers page you can view the costs and structure per financier and also compare financiers to get a good insight into the costs associated with taking out a business loan.
Is a business plan necessary for obtaining a business loan?
This differs per financier. Depending on the financiers you select on LoanStreet you will be asked to also provide a business plan. More and more financiers are placing greater emphasis on the historical figures instead of the business plan. Financiers, such as crowdfunders, who do ask for a business plan, mainly do this to test the future creditworthiness and viability of your company. Based on the business plan, they try to estimate whether the future performance will be good enough to pay the repayment and interest of the company financing.
How much money can I borrow?
This depends mainly on the performance of your company. The most important thing is that you can pay the financing costs, consisting of interest and repayment. This also depends on the term of the business loan. With a longer term, for example for the purchase of a business building, the repayment is spread over a longer period. As a result, the repayment amounts on an annual basis are often smaller. With a shorter term you can often borrow less, because this puts more pressure on your company. It is especially important not to borrow too much money, so as not to put your company in trouble.
Which legal entities can apply for a business credit via Loanstreet?
If your company is a BV, NV, VOF, sole proprietorship, CV, cooperative, partnership, foundation or association you can use LoanStreet. You are personally liable for most of the legal forms. With a BV or NV this does not have to be the case. In principle, the company is liable there. The financier may, however, request a personal guarantee. If you are personally liable, or the financier expects a personal guarantee from a BV or NV, you can also be held personally liable if the company can not repay the debts.
What term does a business loan have?
The term of a loan differs per financier and per target. Some financing targets, for example a business building, have a longer term. The duration of this is often 20 to 30 years. Business loans for other purposes have a term that is linked to what you want to do with the money. A machine or a means of transport often assumes a lifespan of 5 years, which will then also be the term of the loan. Furthermore, the term depends on the amount you request and to what extent you can pay back within a certain period. A current account is an exception to this. You can often use a bank overdraft indefinitely to a maximum amount, the credit limit.
Is collateral needed to obtain a business loan?
Most financiers expect a certain form of collateral. If the financing is used for the purchase of a business building, a machine or a means of transport, this is often given as collateral for the business loan to the financier. In addition, a financier may also request additional collateral, for example in the form of a personal guarantee, stock or debtors. Financiers ask for collateral as extra security, so that if you can not repay the loan, the financier can use the collateral as security.
Do I have to pay a fine for extra repayments?
In the past, a penalty interest was very common, nowadays it differs per financier and sometimes also per term. If a financier provides you with a loan for a long term, the financier will take certain revenues into account. If you then redeem the financing earlier and the financier can only lend the money to someone else at a lower interest rate, you may have to pay a fine. Sometimes, however, it can still pay to transfer the financing, because the interest benefit is greater than the penalty interest you have to pay.
How quickly is the money in my account?
How quickly you can dispose of your business loan depends on a number of factors. Whether your application is complete and which processes a financier uses in his assessment process. Many financiers strive to give financial clarity within a few days. Some financiers behind LoanStreet provide clarity even within 24 or 48 hours. The money can then quickly be in your account. Usually, after a positive credit decision, the money is on your account within 1 day to 1 week. With some financiers, including crowdfunders, the lead time is longer. You also have an influence on how quickly your funding request is assessed. Via LoanStreet you can submit a complete application to financiers, this ensures that the assessment time is significantly shortened and you have the money in your account.
Can I transfer a business loan?
If you, as an entrepreneur, have a business credit and want to switch this to another financier, because, for example, interest rates are lower, this is possible in many cases. If you have financing with several parties, however, new financiers often expect all loans to be transferred into 1 new loan. It may be that you have to pay a penalty interest for the transfer. In a number of cases, however, the cost of the interest is so low that it still pays to transfer the business loan to another financier.
Can I compare business loans and financiers at LoanStreet?
Via LoanStreet you can see the costs and interest rates for each financier. You can also easily compare financiers and providers of business loans via the page financiers. When making an application, the comparison of credit providers is even better. You then see exactly which financiers are interesting for your company and what the expected interest and costs of corporate financing are. You can also sort out the financiers there, for example on interest or chance of success. LoanStreet offers this comparison for all possible types of credit, including long-term loans, current account, factoring, lease and purchase financing.

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