Increase your chances of getting credit to invest

You need money to invest in your business. To grow, hire extra staff or develop new technology. But how do you get such a loan?

Developments in the technology world are moving fast. To keep up, or even better, to be ahead, you need to invest. Nowadays, there are all kinds of alternative investment opportunities. From bootstrapping until crowdfunding and angel investors. You would almost forget that 40 percent of all business financing still goes through a bank. And 80 percent of companies still turn to a bank first. 

Larger amount
If it concerns one or more small, quickly executed investments, a current account credit can already offer a solution. Is it a larger amount? Then the bank has various credit and loan forms for that. Often also specifically for innovation and growth.

Don't count on the bank to move along immediately. Applying for credit for growth or the development of a new technology sounds good, but who says it will be a success? The bank will always look for guarantees. Of course, it is always strong if you can demonstrate that you are also investing your own money. An additional co-financier also helps. It is also possible to include an innovation subsidy in the credit application.

Credit insurance helps
The bank is also interested in whether or not you have credit insurance. You can talk enthusiastically about how well the business is going and how many nice orders are outstanding, but a bank will always think: 'who says that you will be paid back properly?'. A bank knows better than anyone that companies can be completely surprised by just one major customer who does not pay his invoice. Suddenly a different financial situation arises and liquidity problems arise. Credit insurance covers that risk. In fact, you buy 'payment security'. And that is exactly what sounds like music to the ears of banks. In this way, credit insurance expands your credit options.

At the same time, you as an entrepreneur are also well off with credit insurance. You never have to worry about whether a payment will be in order. Which entrepreneur does not worry about that? The best relationship can unexpectedly get into trouble. With credit insurance, you prevent yourself from being sucked in. That gives you peace and security to focus on your core business.

HBR Branche Verzekeringen has developed an insurance cover together with Euler Hermes that matches the business activities of FHI members. From small SMEs to large companies; Euler Hermes has the credit insurance that suits your business. We would like to tell you more about the advantages of credit insurance.

Please contact HBR Branche Verzekeringen on 023 522 10 20 or via our email address info@hbrbranche.nlIt is also possible to contact specialist Tjerk Rutgers via tjerk.rutgers@eulerhermes.com.