Unlike personal loans, business financing is often viewed as a tool for realising ambitious plans and multiplying capital, rather than a necessity. When is it worthwhile to utilise such financing, and how can one go about it? Let's explore these questions.
When to Consider Business Financing
Business financing can cover a wide range of expenses, from day-to-day operational needs to investments in company growth. The PragmaGO x Przelewy24 Finance service offers funds ranging from 3,000 to 150,000 PLN for any purpose. This solution is particularly suitable for:
- Covering ongoing operational costs
- Renovating, adapting, or modernising offices, warehouses, or service premises
- Purchasing equipment (phones, computers, printers, etc.), machinery, or devices
- Acquiring software or licences
- Implementing new technologies such as ERP systems
- Buying company vehicles
- Procuring new goods or materials, or increasing inventory to meet higher demand during peak seasons
- Funding marketing campaigns or promotional activities
- Financing training and courses for you and your employees to enhance team qualifications and develop key competencies
- Expanding into new markets or cross-border e-commerce
- Funding research and development processes as a first step towards introducing new products or services
- Covering the own contribution when applying for grants, such as EU projects[1]
As evident, the spectrum of situations where business financing proves to be a useful tool is quite broad. In some cases, it can even help avoid larger expenses that could burden the company's financial liquidity or delay the implementation of important projects.
How Business Financing Works
The PragmaGO x Przelewy24 Finance service has streamlined the process, allowing it to be completed entirely online. The procedure differs slightly depending on whether the company is already a Przelewy24 partner or not.
Financing for Current Przelewy24 Partners
For companies registered for 12 months and using Przelewy24 payments for at least six months, access to PragmaGO x Przelewy24 Finance is granted automatically. The application is partially pre-filled and available in the Przelewy24 account. The funding limit is calculated individually for each merchant based on income generated through the payment system.
The credit decision takes about 90 seconds. If positive, the loan agreement appears in the customer's account, which can be approved via SMS code without printing or mailing documents. Funds can be received in the bank account on the same day. Repayment of instalments is also practically hands-free, with specified amounts deducted from the turnover generated in the payment system accounts.
Financing for New Przelewy24 Companies
Entrepreneurs who have had a Przelewy24 account for less than 6 months or are considering collaboration can also access PragmaGO x Przelewy24 Finance. In this case, the process is less automated, requiring manual form completion. The loan amount that can be applied for ranges from 3,000 to 100,000 PLN.
The credit decision takes about 2 days. If positive, registering with Przelewy24 is a condition for using the offer, as the agreement will only be available in the customer panel.
Business Financing: New Opportunities Instead of Concerns
A report on "Current concerns and fears of micro and small enterprises in Poland" reveals that rising business costs, increasing social security contributions, and unreliable contractors are the main worries for small business owners. Interestingly, contacts with banks or leasing companies rank low among concerns, suggesting that entrepreneurs view external financing as natural business support rather than a potential problem source.
In conclusion, PragmaGO x Przelewy24 Finance stands out by combining a simple application process with flexible adaptation to the entrepreneur's needs. This solution can be particularly useful in situations requiring quick access to funds, such as seasonal inventory increases, development investments, or covering current operational costs.
