To finance real estate, investments or a recovery of activity, the entrepreneur may have to subscribe a professional credit. What is the response time he expects from the bank?
For a business loan, the bank takes two or even three weeks before giving an agreement in principle. You should know that if you offer him the opportunity to acquire another client, the bank must ensure several points. In the case of a loan intended to finance a company creation or a business takeover, the viability of the project is analyzed. Many committees therefore have to examine your loan file. They consider all the guarantees that the agency has to be reimbursed before any final agreement.
For an application for professional credit, you have to have a prior interview with a representative of the bank. This one examines your qualities of entrepreneur, your file of pro financing and remains attentive with all information which allow him to make a first impression of your project. Once convinced of the viability of this one, it has for task to present your request to the decision makers of the bank. A poorly written file, lacking information, asks the advisor for more time to analyze it and shifts its transmission to the decision maker.
However, since 2010, banks have announced their willingness to allow greater transparency in the processing of applications for credit professionals. Faced with entrepreneurs’ anxiety about access to credit and waiting times, the French banking federation promised to shorten the response time. New offers have also been put in place since in favor of small businesses. Subject to a complete file, the banks undertook to respond to businesses within eight days for their application for professional credit.
In conclusion, to obtain a pro credit quickly, you must make sure to file a complete file in the bank. This file contains the data relating to the company (statutes, commercial lease, KBIS,…) but also the information relating to the partners (identity document, tax notice, account statements,…). these are often forgotten in the files transmitted to the bank. In addition, other actors or fintechs make it possible to obtain financing more quickly. This is particularly the case of crowdlending platforms whose deadlines can be only 2 weeks between the filing of the file and the actual release of funds.
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