Capital has always been one of the obstacles most entrepreneurs face. There are several ways to earn venture capital, by bringing together friends or close friends to invest in your business. But if you don’t have enough investment funds to run a business, then you don’t need to take out a loan. There are three types of loans available for additional venture capital, namely KUR (People’s Business Credit), KTA (Non-Credit Lending), and liquid direct online loans.
In comparison, KUR and KTA do have the advantage of having large numbers of loans granted, but the process of applying is complicated because the requirements to be met are also quite large. Not to mention all submissions are not accepted as they usually have to go through the Bi checking phase to see if you have a bad credit history. This is, of course, the opposite of a straightforward online loan.
The Benefits of Liquid Direct Lending Online
In order for you to become more familiar with liquid lending online, it’s a good idea to first see what the benefits are. In general, there are three benefits to liquid direct online loans that you can experience right away:
- Easy to Apply
The first benefit is the ease of applying for a direct online loan. Since you can submit them online, you can submit them anywhere and anytime. Just by relying on gadgets and internet networks alone, you can apply for a direct online loan. Usually, these liquid direct online loans can be applied through a website or application and you simply download the terms provided without having to go to the lender’s office.
- Requirements Easy to Meet
As mentioned earlier, for KUR and KTA loans, the terms provided by the loan lenders are so complex that not everyone is able to apply for them due to difficult conditions. Let’s say the average KTA requires a credit card for at least 1 year. As for KUR, you are required to request a letter of the legality of business from the local government.
- Fast Disbursement Funding Process
The benefits of this are unmatched, however, you will need more capital soon. Liquid direct online lending is not only easy to apply and the requirements, but the process of disbursement is also very fast. This is due to the fact that they do not offer much and the average loan amount is only around $ 20 million to $ 3.30 million so funds can be quickly disbursed. Plus all the requirements documents you provide are already digital so that your provider can process your submission directly.
Purpose Of Using Liquid Direct Lending for Business
Liquid direct online loans are typically used by entrepreneurs for the following:
- Add business tools
All businesses need equipment to be able to operate properly. But there are some businesses, especially those whose equipment is becoming more sophisticated each year. With advanced business equipment, it can boost your business activity. Examples are like industrial packaging machine tools. With this packing machine, your employees no longer have to pack it traditionally so the quantity of packaged goods can increase.
To be able to buy the new business equipment, the entrepreneur will need a fair amount of money. If you take the cash, it will affect your operating costs.
- Business Innovation
The business that one has can continue to evolve as they are constantly innovating and competing against similar ventures. But to innovate this business requires additional costs that you have to spend. Let’s take an example in recent years, sweet cereal no longer topping cheese, beans, chocolate, and sesame seeds.
- Business Expansion
The purpose of using the most used liquid direct online loan is for business expansion. Anyone should want their business to thrive. For that it needs a business expansion. Just take a look at the Gas Geprek Chicken which is not only now available in Jakarta, but also in some major cities in Indonesia. It’s because they’re doing business expansion. By expanding your business, the benefits that will come to you will also increase.
To minimize the money you have to spend, you can apply a partnership or franchise system. But you still have to put in some money to promote your partnership program.
Apply for a Liquid Online Loan for Business
- Specify the Required Loan Number
The first step is to determine in advance how many nominal liquid direct online loans you need. Count carefully and in detail so that there is no need to miss it. Low loan numbers can make it difficult for you to find additional loans. Meanwhile, more loan numbers can make the debt burden grow.
To be safe, you need to do a calculation simulation first to find out the loan numbers as well as the monthly installment numbers you can expect.