Grouping your loans in one can make it possible to have a bigger cash, a strong asset for the health of a craft or merchant activity, here is the principle of the grouping of credit.
Craftsmen, merchants: the grouping of credit
Grouping several loans in one reduces the monthly payments, thanks to an extension of the repayment period. This readjustment is carefully thought out according to the situation of the craftsman or merchant, that is to say that the bank will study its financial situation taking care to analyze its needs in terms of cash but also its expenses as part of its main activity. A study that will rely on the last two balance sheets provided by the applicant.
The advantage in the context of a grouping of credit for a trader or a craftsman, it is to be able to regroup the loans contracted in a personal capacity and to be able to add the professional debts like the regulations of the URSSAF, the RSI, the VAT or the supplier debts. The financing simply provides an envelope to settle each debt and this amount will be included in the new monthly reduced, moreover with this shorter term, the craftsman or the trader can recreate a cash and anticipate hardship.
How to get credit pool by being artisan or trader?
It is important to use a credit institution specializing in professional profiles , simply because the financial advisor must know how to read a balance sheet, understand the operation of the company and accompany the craftsman or the merchant in his financing project. This is an accompaniment similar to what an accountant can do, except that this part only includes the management of credit charges and debts. Some brokers specialize in these particular profiles, which makes it easier to obtain financing adapted to their needs.
All you need to do is submit an application specifying the amount of outstanding credits, the monthly payments and the debts to be taken into account in the operation. Several steps concerning the situation of the craftsman or the merchant, which makes it possible to obtain a more precise vision of the needs for regrouping of loans. This makes it easier for credit institutions to offer tailored solutions. After validation of the study, a credit contract offer is quickly sent to the applicant, which allows him to make a decision. After signature, the debts are settled and the new monthly payment takes effect the following month.
Simulate your credit redemption online
Whether it is to find more easily a credit institution specializing in the profiles artisans and traders or whether to have an estimate of the reduction of monthly payments, the online simulation allows to obtain quickly and free a first proposal. The interest is to know in a few minutes if this operation makes it possible to rebalance the applicant’s finances and to allow him to find the equilibrium, allowing him thus to concentrate on his professional activity, which remains the most important.