Where to get financial resources for the survival of a small and a medium-sized enterprise?

The situation is not easy for anyone - neither for individuals nor for entrepreneurs, especially for those who have small and medium-sized enterprises. How to survive financially difficult times in different business situations?

Alternative to bank loans

In situations where a company needs to receive money quickly and easily for urgent purposes, it is unlikely to do it without a money loan. Bank requirements, however, tend to include long and complex credit treatment procedures, and it may be more convenient and gainfully for a small business to receive simplified conditions for receiving a loan:

• Fast decision-making
• Fast document processing
• Individual approach
• Flexible terms for re-credit
• Possibility of both extending the repayment schedule and repaying the credit before the deadline

Particularly essentially simplified conditions are in situations where funding is needed in the short or medium term, for example, for the following purposes:

• Launching a new project if the own resources are not enough to develop the company
• Payment of taxes and repayment of tax debt
• In the case of unexpected but urgent expenses, for example, covering deductible in the case of insurance
• Increasing current assets
• To satisfy other creditors' demands

If the company is in financial difficulties

Each situation is different and needs to be evaluated individually, but the most importantly is not to keep your head down and look for solutions in any situation. It is often very important to focus on the question “What can I do in this situation and how can I turn it for the better?” “West Kredit” specialists also advise those small and medium-sized businesses that are in financial difficulties and do not have the most positive credit history. The most important condition – the company must be active for at least a year. When applying for financial assistance, one must also be prepared to analyse why the situation is as it is, namely, what justification has been for each of the debts, so that such situation does not happen again.

If your company does not work in the gambling or gaming organising industry, with arms trafficking and distribution, is not a non-profit or religious organisation, submit a free application to save your company!