What is a Microloan?
A microloan is usually a relatively small, short-term solution that doesn’t involve collaterals. Since most banks don’t provide smaller loan amounts to business owners, microloans can be the solution to accessing cash for capital.
In third world nations, new businesses are needed to help reinvigorate their economies and jump-start growth. And for that to happen, entrepreneurs need funding to operate even a simple or small business.
However, citizens in those areas don’t have the same financial opportunities as others do. Microloans originated from this gap, but they’ve been utilised worldwide in recent years.
Quickle offers these small business loans with amounts that range from $300 to $5,000. Whether you need cash to manufacture your products or invest in marketing, we can lend a hand.
How do Microloans work?
After collecting the requirements, we will assess your application. If it’s approved, we’ll send the money directly to your bank account. The associated fees include a 20% establishment fee and a 4% monthly fee, both calculated at the loan amount borrowed.
Quickle may be able to facilitate your financial business needs where other lenders won’t or can’t. Borrow only what’s necessary and pay it back over shorter terms compared to what traditional loans carry.
In the meantime, you’ll contribute to your own future and build up your credit. Given that you’re able to pay back the loan on agreed terms, we’ll always be here should you need us again.
How Can I get a Microloan or a Small Business Loan?
If you’re dealing with regular expenses of a small business venture, you may want to lighten the load by securing a microloan from Quickle. We’ll provide you access to cash, which can be used for your day-to-day operating costs.
Applying for a Quickle microloan is simple. All you have to do is to complete the form with the necessary information, then submit it. We’ll work it out to get the requested funds to take your business to the next level.
Would you prefer to talk to someone to walk you through our process? The Quickle support team is readily available. Just call us at 0756443555, and we’ll be happy to assist.
It’s quick & simple. Apply now.
Disclaimer: Please be aware that Quickle’s articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.