What is required to get a business loan?
We make a credit assessment of each application. The most important criteria are the company's ability to handle future payments and that the loan amount is reasonable in relation to the company's size and turnover. Unfortunately, there are some cases where we cannot approve a loan application. This may be the case, for example, if the business owners have not managed the business's finances properly, the owner has too much debt or too many payment remarks. We always require that the owners of the business are personally liable for the loan as guarantors.