Business loan rates
Do you want to take out a business loan and are you curious about the interest rate? We are happy to explain how interest is calculated and what you should take into account when it comes to interest on business loans.
What does it cost to borrow money from Swishfund?
We like to be clear and clear about our terms and rates. When determining our loan rates, we look at various components. We'll explain how this works, so you know exactly what to expect.
This is how we calculate your rate:
Label I
1
Market interest rate is the interest rate on the financial market. This affects the base rate of your loan.
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We assess the chances of you repaying the loan based on your creditworthiness and payment history. Less risk often means a lower rate. If you have collateral, this can also lead to a lower rate.
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The loan amount affects the closing commission. This is 2% of the total loan amount, with a minimum amount of €650.
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We make repaying your loan as easy as possible with two options: daily direct debit whether automatic pin curing. We usually use direct debit, but if you work in the hospitality or retail sector, credit card scrolling can be useful. How does it work? You pay back a fixed percentage of your debit card turnover. You pay more on busy days, less on quiet days. This way, you keep an overview.
What is market interest rate?
Market interest rate is the interest rate that applies to the capital and money markets at a given time. By the money market, we mean the market for short-term loans up to a maximum of 2 years. The capital market represents long-term loans, such as bonds. For both, the interest rate changes continuously. The amount of this interest rate affects the interest rate on a business loan.
How is the risk profile determined?
As an entrepreneur, you run the risk that you will no longer be able to bear the financial burdens of your company. The lender, with whom the loan is taken out, runs the risk that the entrepreneur will not be able to repay the loan amount. In order to guarantee a good and realistic agreement for both parties, the risk profile is drawn up. The lower the risk, the lower the rate. The risk profile consists of a number of points.
Hoe lager jouw risico, hoe scherper jouw tarief. Dit profiel baseren we op heldere, eerlijke criteria. Zo weet je precies waar je aan toe bent.
Annual turnover at least €50,000 and active for at least 1 year
Overview of debts and loans
Income tax return
What is the loan amount?
The loan amount is nothing more or less than the amount you want to borrow. The amount depends on the risk profile. As a result, a higher or lower loan amount may be recommended after analysis. The loan amount is not unlimited; each lender has set a maximum amount themselves. This may vary from provider to provider. The amount of the loan amount can also vary by loan form. For a business loan (current account), the loan amount is often higher than for a business loan for a one-off investment. With Swishfund's handy tool, you can easily and quickly get an indication of how much you can borrow. In addition, the loan amount affects the closing costs, which is often a minimum amount, which becomes more with a higher loan amount. At Swishfund, we have a minimum of €650, -.
What influence does repayment have?
The contract states how much you have to repay and within what period it must be repaid. The method of repayment may vary from lender to lender. With Swishfund, you pay off per day, so you don't have to pay back a large amount at once. If you opt for peanut cream, you will pay back more on busy days than on quiet days. Do you have a stroke of luck? Then you can choose to pay extra early or in the meantime. If you do this, you can get a discount on the amount still due. So that's something to think about when taking out a business loan.
Bij Swishfund los je dagelijks af, zodat je in kleine stappen terugbetaald.
Kies je voor pinafroming? Dan betaal je meer terug op drukke dagen.
Wil je sneller aflossen? Geen probleem, daar rekenen we geen extra kosten voor.
Zo blijf je flexibel en houd je grip op jouw financiën.
We are happy to help you
Do you have questions or need help applying for your business loan? Our expert team is here for you.
We are available on weekdays from 9 a.m. to 5:30 p.m.
Want to know more?
We only provide to companies that are registered with the Chamber of Commerce (KvK) in the Netherlands with a business bank account. In addition, you must be economically active for at least one year and have a turnover of at least €50,000 in the past year.
Swishfund is a recognized SME financier that has been supporting entrepreneurs in the Netherlands since 2016 with fast and accessible business financing, combining the efficiency of fintech technology with personalized service.
We look at this per situation. We think it is important that you can afford the loan. Swishfund provides loans ranging from €3,000 to €500,000. We can calculate your credit space without obligation and free of charge.
Once your application is completed and reviewed positively, we will deposit the money into your business account within 24 hours.
During the application, you can specify the desired amount, the term and purpose of the loan. In addition, we always ask you to upload a transaction summary of your business bank account in the MT940 file format. You can easily download such an overview from your bank's online environment. After we have calculated your credit space, we will contact you for the next steps. Depending on the size of the request, we need a number of additional documents.
The cost of your loan consists of a one-off closing fee and a monthly interest. The amount of these costs is percentage and therefore depends on the loan amount. The standard closing fee is 2% with a minimum amount of €650. The monthly interest is determined based on your company's risk profile. You will receive a final proposal after reviewing your application. To give you a clear picture of the costs for business loans, we have drawn up two examples, showing the possible costs in a so-called UKO (Uniform Credit Overview). See examples here.