Do you have a PFA, II, or SRL and want to make new investments for your business? Do you need a reliable source of financing that offers favorable credit conditions? Then you should learn more about the benefits of non-banking loans. Below, you will find answers from specialists to the most common questions entrepreneurs have when looking for the best loans for their business.
What Types of Non-Banking Loans Are Available?
Non-banking institutions in Romania, such as Mikro Kapital, offer non-banking loans to clients for businesses in any sector, including agriculture.
Business loans are designed to cover both working capital needs and investment expenses necessary for business development.
Loans for working capital include funding for:
- Covering inventory costs
- Paying suppliers
- Covering salaries and taxes
- Refinancing loans from other institutions
If you are looking for a loan to make investments for business development, options are available to cover expenses such as:
- Purchasing necessary work equipment
- Buying or improving buildings to serve as business premises
- Renovating or preparing spaces where your activity will take place
- Refinancing existing loans from other institutions
If you need a smaller amount for minor repairs, professional training, or acquiring essential items, consumer non-banking loans for individuals may also be an option.
What Conditions Must You Meet to Obtain a Loan?
The conditions for entrepreneurs to get the most favorable credit terms are simple:
- Your company must have been active in the economic sector for at least 3 months, or completed at least one season of activity in the case of agricultural businesses
- You must provide the minimum documentation required to analyze your company’s financial situation
- You must provide a personal guarantee or collateral (movable or immovable) depending on the loan amount and repayment period
The loan application procedure for agriculture or other business sectors is simplified, and representatives from non-banking institutions can provide specialized consultancy at any time.
Loan Amounts and Repayment Terms
Depending on the type of investment or working capital you need, non-banking loans range from 2,000 to 700,000 RON. Repayment conditions are as follows:
Loan Amount Repayment Term
2,000 – 45,000 RON 60 months
45,001 – 220,000 RON 84 months
220,001 – 700,000 RON 120 months
- For these loans, you can benefit from a flexible repayment schedule, taking into account the seasonality of your business, especially in agriculture.
- Repayments can be fixed monthly installments or seasonal installments, aligned with your peak business periods.
This flexibility allows you to avoid financial strain during inactive months.
Non-Banking Loans – What About the Down Payment?
A major advantage of non-banking loans is that no down payment is required. When urgent financial support is needed, you don’t have to worry about upfront payments. Instead, you can focus your energy on covering your business needs, with financial support and expert consultancy available at any time.
In summary, any entrepreneur with a legally registered business in Romania, with a minimum of 3 months of activity, can apply for a non-banking loan for working capital or investment purposes. With minimal documentation and full financing for your investment, you can now take your business to the next level.
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