The professional credit guide: tips and information

Are you thinking of starting your business and need financing to help you launch your new business? Do not panic ! There are tailored solutions specifically designed to help you complete your project. To help you build up your cash flow, to help you with the purchase of your furniture, to finance your need for equipment and work equipment or to buy or rent your business premises, professional credit is there for you !

Your business is now a few years old, but you need to invest?

Your business is now a few years old, but you need to invest?

Professional credit is also intended for established professionals. To invest in the purchase of new materials and equipment, to build a new stock of products, to allow you to buy or rent larger premises because of the good growth of your business, or simply to cope At a stroke, there are solutions adapted to all the needs of professionals and their companies!

A professional credit whatever the job

A professional credit whatever the job

Whether you are a craftsman, a trader, a farmer, a micro-entrepreneur, a liberal professional, or even an association, pro credit can be granted by a bank or a lending organization. There are several formulas, designed to meet a need or adapted to a duration in order to bring you the personalized solution that suits your professional project. Our experts hunt for you the different forms of professional credits to help you find the one that fits your unique need!

As with any credit application, the bank or lending financial institution will ask for guarantees. Accompany your loan application with a solid and documented file. Be clear in your project and know where you are going. You must inspire confidence to obtain financing for your needs; do not start without support or without a clear vision of the future. Forecasting is a professional virtue that is essential for the life of your business and to get the pro credit you need! Our finance specialists give you all their tips and tricks to build a solid case on a successful and reliable project. Let us guide you, we accompany you in your steps to help you achieve your professional goal with ease!

Auto loan refused: how to do?

A refusal of car loan is common, several causes can cause a refusal as including the debt ratio, the rest to live or the professional situation of the borrower. Here are several ways to deal with a refusal and get funding.

Refusal of auto loan: explanations

Refusal of auto loan: explanations

Whether for the purchase of a car or the subscription of a leasing, it is necessary to go through the financing box. This is a consumer loan that can be used for the purchase of the vehicle, strongly recommended in the context of a car dealership purchase or simply a personal loan, the amount of which is freely determined by the motorist. In both cases, it is necessary to submit a financing application specifying the price of the vehicle.

This request will make it possible to study the situation of the borrower, namely his personal, professional and financial situation. On the personal part, it is simply the terms of subscription with verification of identity. On the other hand, the professional and financial situation can lead to a refusal of funding, whether it is linked to the employment contract that does not have sufficient guarantees, for example a fixed-term contract, or that it is the situation of the bank accounts that leads to a refusal.

Reasons for a car loan refusal

Reasons for a car loan refusal

There are basically three reasons that come up regularly about a car loan refusal: the employment contract, the debt ratio and the rest to live.

The work contract

In order to be able to borrow from the banks, it is necessary to provide guarantees on the repayment of monthly payments and credit in its entirety, so the employment contract is essential for the bank to check whether the borrower is able to meet all its deadlines. If the contract of employment is in fixed-term contract and of a duration less than the duration of the credit, then the bank will not engage in the financing. You have to opt for a co-borrower or take out a credit for a shorter period.

The debt ratio

In France, the financial authorities have set the debt ratio at 33%, ie above this threshold, the consumer’s financial situation is deteriorating, so it is not possible to Borrow beyond 33% and when a new credit approach or exceed this limit, a combination of loans is required to reduce monthly payments and allow new funding. The increase in income makes it possible in particular to reduce the debt ratio, a change in employment situation may allow the consumer to get out of this situation of refusal of car loan.

The rest to live

The rest to live is the result of the wages to which we will remove all household expenses, recurrent expenses: electricity, credits, taxes, heating, phone packages … When all these charges and levies are withdrawn from the salary, we call the remaining sum the rest to live, that is to say to eat and leisure. If this sum is insufficient, it is possible that the bank refuses the loan, so we must play on the various charges to lighten them.