The lack of capital is no longer an excuse to not grow your business, because now, you can obtain, with low-interest rates and comfortable payment terms, up to $ 2,000,000, perfect to give the business that boosts you so desire.
We will give you access to financing for your company in a way that traditional banking cannot. With this product, you have the ability to grow your business through a fast and secure loan that can reach up to $ 2,000,000.
We provide next day payday loans online
The key to success in business is not to lose opportunities to expand. While money can sometimes play against us, you do not have to allow it to be the only factor responsible for the delay in your projects, since there are a variety of ways to get money now. In fact, between money and opportunity, it is the only money that returns.
If you have an idea or plan to expand your business and reach more customers and see that what limits you are capital, a trusted financial institution that for many years has helped its clients to progress by providing flexible financial solutions for that you have the possibility of growth without having to think too much about money. This lender serves a market composed of small companies with sales of less than 10 million pesos per year and with a team of 1 to 10 people, of which 95% of the companies in Mexico are part.
Loans for business will help you to return the money comfortably with the best amortization you can find in the market.
In this article, we will present to you in detail all the next day payday loans online of OakParkFinancial.com.
How do they work?
This entity specializes in providing financial solutions to formal businesses with SAT (with at least 3 months of billing). The application process only takes a few minutes and is 100% online, which means that you will not have to waste an entire day waiting in lines and doing all kinds of annoying procedures. On the other hand, Guzman is a platform that does not need to know how much the company’s income is, they only require access to billing in order to be able to offer the option that best suits the particular situation.
Speaking of the billing, the amount that Guzman approves will depend largely on this factor. Currently, this lender is capable of financing ranging from $ 50,000 to $ 2,000,000 pesos. All this can be seen using the virtual simulator available on the platform, which like most lenders reflects the amount, term and fees of your loan.
Also, although the amount will be subject to billing, the term that is selected will always be respected. The maximum repayment term is 24 months in biweekly payments. In case the loan granted is returned in a responsible and timely manner, one will have the ability to request another with longer terms and lower interest rates.
In itself, the process to request a Guzman is fast, safe and simple. Carrying it out consists of the following steps:
- You enter Konfio.mx and you are given “request your credit”.
- You have to complete the form with the data online.
- In just 10 minutes, you will get an answer and even, already obtaining a loan, the second only takes 3 minutes, without having to process, because the solvency of the person will be proven.
- The requested documents are sent (credential and receipt of light).
- The date is coordinated to schedule an appointment in which a specialized Guzman agent takes the contract to the business where it will be signed.
- Once the contract is signed, the money will be received on the same day.
- With the money in the account, you can expand the business in a comfortable and flexible way.
As far as the interests are concerned, these will be subject to the value of the loan and the amount that has been approved. That said, the average rate that Guzman handles is 5% per month with an average Annual Total Cost of 33.4% excluding VAT. Another factor that influences the interest rate that will be applied to the loan, in addition to the amount, is the invoicing of the company, therefore, it should be noted that by returning the loan in a timely manner and being able to invoice more, the Future loans with Guzman will have a longer term and lower interest rates.
We now turn to the repayment of the loan. The biweekly installments that make up the loan can be paid with CLABE STP, which will be granted simultaneously with the loan and with which you can make payments by electronic transfer. Alternatively, you can also choose to pay at a window in different stores 7-Eleven, Telecomm or OXXO, or any of Banorte’s branches.
What do I need to get a loan?
As previously mentioned, the loans are only for SMEs with SAT, therefore, the requirements to be met are directly connected with fundamental documentation that demonstrates that you work in the formal market. The requirements that you must meet to have access to credits are the following:
- One has to register and create an account
- You must have a valid credential to vote
- Must be a resident of Mexico
- You have to meet the age range, that is, between 18 and 60 years of age
- You must be a bank account holder
- One has to present the billing RFC to personalize your credit and;
- You must present the last receipt of electricity from your home
It should be noted that Guzman checks both the Credit Bureau and the Credit Circle and this will be taken into account for loan approval. However, they do not make clear on their website the qualification that must be had and there are cases in which they have approved loans to people with debts in their report, so, as such, it will not be a requirement or an impediment to access the financing.
Taking advantage of the lack of attention that small businesses have of the traditional financial system, the Mexican financial startup is presented as a solution. As previously mentioned, it has recently strengthened the foundations to continue with its expansion and maintain itself in the long term thanks to a strong capital injection.
The main advantage of this online loan platform is the help it provides to microenterprises in Mexico that lack access to bank loans to obtain affordable loans. With the use of algorithm technology and data analysis plus the experience of the risk management team, the solvency of the potential client is measured and thus create a highly complete product.
With a market composed of 95% of companies in Mexico, that is, those that have sales of less than 10 million pesos per year and are made up of a team of 1 to 10 people, the product offered by this platform is even made even vital for the economic growth of the country.