Published 10.11.2020
November is the high season of budgeting and a lot of companies are currently considering their investment needs for the following year and options for getting financing. According to Aron Jäger, Financing Business Manager of Holm Bank, this is the reason for why the number of companies applying for a business loan has significantly increased over the last months.
‘Involving a loan instrument can help businesses that are looking to expand and companies that wish to restructure their activities or change their business model in order to adapt to new economic circumstances,’ the Holm Bank representative said.
To guarantee that the currently insecure entrepreneurship environment will not cause unexpected financial difficulties to companies with a loan burden, Aron Jäger urges applicants to make sure that the following important criteria are met before submitting a loan application.
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