The unsustainable situation in which businesses and freelancers see themselves involved, increased by the drastic reduction of loans granted by banks due to the lack of liquidity on the one hand and the high risk of operations on the other hand, is leading these businesses and freelancers to turn to private capital loans as a lifeline in order to achieve their short-term objectives.
Bagger Capital closed Private Capital operations with more than 85% of businesses with financial problems that requested our assistance form 2015 to 2020.
The requirements to obtain a private capital loan are minimal, which together with the speed in obtaining the loan makes it very attractive for the entrepreneur. In many cases, it may mean the continuity of the activity, avoid closure and avoid the serious consequences which normally occur due to lack of liquidity, or as in many other cases, the possibility of promoting a project, that otherwise would be at risk due to lack of liquidity or due to the delays that a traditional loan would entail.
This type of loans has increased by 80% in the last year and will continue to increase in the coming years, due to the uncertainty that banking institutions bring with their credits policies.
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