1. About This Loan
The business license-based loan is popular with sole traders and small business owners because it's unsecured — no collateral needed. It's designed to support individuals who need funds for their business, their trade, or personal plans, with simple eligibility criteria that make it easy to access the capital you need.
2. Key Benefits
– Simple eligibility, very easy paperwork
– Relatively high borrowing limit, up to €12,000
– No collateral required
– Flexible monthly repayments from 6 to 36 months
– Option to settle early
– Rates from 6.9% to 22% APR, depending on your circumstances
– Maximum rate of 25% APR
Example: borrow €2,000 over 12 months, repay between €195 and €205 per month.
3. Eligibility
– Resident of an EU/EEA country, aged 20–65
– Business license held for more than 12 months
– Applicant is the business owner, a self-employed sole trader, or holds a valid, active business license
– No record of bad debt at the time of application
4. Documents You'll Need
– A copy of your national ID or passport
– Proof of address
– A copy of your business registration/license
Note: all documents can be submitted as copies, with originals available for verification if requested.
Get in touch to discuss your borrowing needs and let Mcredit help you find the right financing solution.
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