How to get cheaper loans for SMEs from Fintechs

Alejandro Brega
May 18 · 2 min read

FinTech portals on the Web are increasingly replacing financing requests via the bank. These offer a variety of flexible and tailored to individual company needs financial offers. In the US, around 80% of corporate financing is already bypassing conventional banks. In Germany too, alternative corporate financing through FinTech portals and online brokers is on the rise.

A typical example of such a fintech application is COMPEON, a finance portal for medium-sized businesses, small companies, self-employed, business people, freelancers, and financial advisors. COMPEON is a bank-independent and cross-product online platform. In addition to corporate loans, other financial products such as leasing, factoring, mezzanine capital, purchasing and project finance, private debt. or offered for real estate financing.

A typical achievement of the FinTech sector is the financial portal COMPEON, which makes it particularly difficult for SMEs, tradespeople and the self-employed to find suitable financing.

The fintech company COMPEON maintains a broad network of more than 220 established banks, savings banks and alternative financial service providers. Likewise, 1,700 subsidies of the German state and the European Union are included in the portal.

Companies can stop submitting their request in the search for financing with just a few clicks in the COMPEON finance portal. Each application is checked for eligibility. It is determined whether one or more of the 1,700 state subsidies can contribute to the desired corporate financing.

The financial portal COMPEON is a product and bank independent full service provider for medium-sized companies in Germany. In addition to loans, loans and leases, COMPEON also arranges factoring and alternative financing such as mezzanine capital, purchase and project financing or private debt.

Through COMPEON, small and medium-sized enterprises (SME) can quickly and unbureaucratically find individual, individual offers for corporate financing with the best possible conditions in terms of interest, term, own funds and collateral.

Fast, fully digitalized corporate loan for acute funding gaps:

In the case of financing bottlenecks, medium-sized companies are particularly interested in speed. A fast company loan with a binding commitment is required. COMPEON’s new Digital Corporate Loan in cooperation with solarisBank meets all the requirements for a short-term, fast loan solution to overcome financial bottlenecks.

Digital Corporate Loan is a 100% digitized end-to-end process. Until the signing of the contract no manual step is necessary anymore:

  • Bridging loan up to 100,000 euros within 24 hours
  • Bridging loan up to 750,000 euros within 48 hours

COMPEON is aimed at medium-sized companies, traders and self-employed persons looking for suitable financing. Typical examples: finance machines, renew your fleet, purchase a new property or, for example, pre-finance material for various projects.

Originally published at TheStartupFounder.com.

Alejandro Brega

Written by

TheStartupFounder.com — Startups, fintech, e-commerce, crypto and online advertising.