How do I finance running my business?
Need some financial breathing space and want to keep your cash resources and funds free for other purposes? As someone running their own business, you can easily channel additional funding into your commercial activities. KBC has three different solutions that gives you the freedom to do just that.
But which type of credit is best suited to your needs? Check out the detailed comparison below:
|Business Budget Facility||Advance in Current Account||Line of Business Credit with Straight Loans|
|Minimum credit amount||None||None||50,000 euros|
|Maximum credit amount||5,000 euros||Based on your cashflow requirements||Based on your cashflow requirements|
|Interest rate||Fixed||Fixed||Margin on EURIBOR|
|Drawdowns||Payments via your business account||Payments via your business account||Decide yourself + possibility to change at any time|
|Possibility to deduct interest and charges from your taxes||(no charges)|
|Digital utilisation or drawdown of credit|
|Optional: 'Remission of Debt' financial protection|
|Learn more about the Business Budget Facility||Learn more about the Advance in Current Account||Learn more about the Line of Business Credit with Straight Loans|
Remission of debt insurance
Protect your family or company with life insurance linked to your business credit facility. The full debt is waived if you die.