Apply for a corporate loan online.
Speed is the key to success in a digitalized world, and the same is true for corporate financing. Applying for credit online has a lot to offer in this regard, as it enables SMEs to request an operating or investment loan quickly and easily.
Online credit application makes corporate financing simpler
One in seven SMEs applied for a corporate loan in the space of 12 months, according to the most recent study on SME financing in Switzerland. The study, which was published by Lucerne University of Applied Sciences and Arts on behalf of the State Secretariat for Economic Affairs (SECO), also shows that one in 12 companies is frustrated by the situation and has not requested a corporate loan despite needing finance. The tedious credit process was cited as one of the reasons for their frustration.
Credit Suisse has responded to the problem by enabling existing corporate clients to submit a credit request online. The new digital function “Online Credit” gives SMEs a simple tool for corporate financing purposes as well as for monitoring all credit products. A credit analysis is nevertheless mandatory, even in this case. However, all documents relating to the credit request can be submitted online. Balance sheets and income statements, business plans, as well as information about collateral may be required, depending on the size of the loan.
Operating and investment loans for SMEs
Banks are increasingly catering to the individual financing needs of SMEs – online access to credit being one of these requirements. Two other interesting forms of corporate financing are mid-market lending and leasing.
Nevertheless, operating and investment loans are still the favored financing solutions for SMEs. With investment loans, SMEs are granted a specific sum for the financing of major investments such as a new plant or machine. With operating loans, on the other hand, companies can increase their general liquidity by accessing funds up to a specific credit limit. Operating loans thus offer a flexible solution for irregular financing requirements and for bridging seasonal fluctuations in cash flow.