This is how borrowing from Swishfund works
We understand that you want to keep growing your business. That’s why we make taking out a business loan as simple as possible and provide clear information about our terms and rates. This way, you know exactly what you’re choosing.
Preparation
1
We want to make business loans as easy, fast and responsible as possible for entrepreneurs. Do you meet the conditions below? Then you can apply for a business loan from us.
- Your company is registered with the KvK
- Your company has been established for at least 1 year
- You have a business bank account
- Your annual turnover is at least €50,000
2
- Annual results, debts and loans overview
- Income tax return
- Copy of ID
Apply for a loan
3
Feel free to apply online and let us know how much you want to borrow. Upload the documents in our secure environment. Through a one-off bank connection, you give permission for a secure connection to your bank.
4
Our system automatically calculates your space for a business loan based on your application. How much you can borrow depends on your needs and the financial space you have. We do an extra credit check so that you can be sure that the loan is responsible.
5
Do you agree with our proposal? Then we will transfer the money to you the same day.
After payout
6
We make repaying your loan as easy as possible with two options: daily direct debit whether automatic pin curing. We usually use direct debit, but if you work in the hospitality or retail sector, credit card scrolling can be useful. How does it work? You pay back a fixed percentage of your debit card turnover. You pay more on busy days, less on quiet days. This way, you keep an overview.
We are happy to help you
Do you have questions or need assistance with your business loan application? Our expert team is here to help.
We’re available on weekdays from 9:00 a.m. to 5:30 p.m.
Want to know more?
We only provide to companies that are registered with the Chamber of Commerce (KvK) in the Netherlands with a business bank account. In addition, you must be economically active for at least one year and have a turnover of at least €50,000 in the past year.
Swishfund is a recognized SME financier that has been supporting entrepreneurs in the Netherlands since 2016 with fast and accessible business financing, combining the efficiency of fintech technology with personalized service.
We look at this per situation. We think it is important that you can afford the loan. Swishfund provides loans ranging from €3,000 to €500,000. We can calculate your credit space without obligation and free of charge.
Once your application is completed and reviewed positively, we will deposit the money into your business account within 24 hours.
During the application, you can specify the desired amount, the term and purpose of the loan. In addition, we always ask you to upload a transaction summary of your business bank account in the MT940 file format. You can easily download such an overview from your bank's online environment. After we have calculated your credit space, we will contact you for the next steps. Depending on the size of the request, we need a number of additional documents.
The cost of your loan consists of a one-off closing fee and a monthly interest. The amount of these costs is percentage and therefore depends on the loan amount. The standard closing fee is 2% with a minimum amount of €650. The monthly interest is determined based on your company's risk profile. You will receive a final proposal after reviewing your application. To give you a clear picture of the costs for business loans, we have drawn up two examples, showing the possible costs in a so-called UKO (Uniform Credit Overview). See examples here.