Signing a business loan around a table between several people
25.10.2021

SME credit or how to diversify your loans.

The SME loan offers you an alternative to your traditional bank loans. We'll explain why this solution often makes sense.

 

SME loans. What is it exactly?

A business loan with the advantage of guaranteeing you an application process that is simple, easy, fast and flexible. Especially for small and medium-sized businesses.

A credit solution that enables your business to meet cash flow challenges or seize opportunities that come your way. This, with lighter conditions with regard to what is usually required, in particular in terms of contribution or guarantees.

In short, it is the provision of a sum of money such as a traditional bank loan without the administrative burden that too often accompanies this type of approach. This solution facilitates access to finance. 

 

Bank or credit platform?

SMEs often work with one  or even two banks. Their size generally does not require a broader scope of collaboration with a multitude of financial institutions. 

Therefore, when a loan becomes necessary, the business owner turns to his advisor. But what about competitive bidding when applying for a loan?

This is where a credit platform is a definite asset. Not exclusively linked to a partner banking institution, a professional credit platform will allow you to compare amounts, rates and terms. After all, your business deserves a tailor-made solution. Why be satisfied with less?

Okay, but what about funding?

A financing platform such as Milenia works with a multitude of financial institutions, often banks, that finance the loans granted.

Your advisor within the platform is therefore not accountable or tied to a single partner bank. The whole point of this approach is to offer you the best market conditions available, regardless of the bank that provides the financing at the end of the chain.

It is with this lending institution that you will sign the loan documents. Your advisor will simply have ensured a simple, easy, fast and flexible procedure with the aim of gathering all the information necessary for your approach and offering you a truly tailor-made solution.

 

The importance of diversification.

We were talking about the importance of choice. This is also true when it comes to diversifying your financial partners. As the saying goes, don't put all your eggs in one basket. It's common sense.

Establishing a relationship of trust with various financial players ensures that you are not completely dependent on a single partner. When it comes to working capital needs, to finance your inventories, to ensure your competitiveness or to meet your receivables, your company will thus avoid being heavily impacted by strategic developments or new commercial policies that sometimes guide some of the choices made by traditional banks.

 

How do you go about it?

All you have to do is go to a financing platform like Milenia.

In just a few steps, your advisor will analyze your online request and contact you in less than 24 hours for a phone interview.

This will be followed by an in-depth analysis of your file to comply with all the legal procedures indicated by the financial authorities and a credit offer will then be quickly sent to you.

Upon your consent, your file is then sent for validation to the chosen banking partner and your money paid into the account of your choice.

 

What about crowdlending? Crowdfunding.

Various organizations apply the principle of crowdlending . This makes it possible to gather crowdfunding from investors, often private, in order to finance a business project. Lendora is an example of such an organization that allows for fundraising and actively works with Milenia.

 

Why Milenia?

At the end of the day, trust is paramount. It is therefore a good idea to choose an established partner with significant experience in commercial lending and with unwavering legitimacy and strong partnerships.

At the same time, Milena is now a reference in the Swiss credit landscape because it offers a smooth and fast user experience while offering sound advice and guaranteeing a truly individualized approach.

 

Final Words

As the manager of your business, it is crucial to choose a financing solution that is adapted to the reality of your business and respectful of your means and needs.

Milenia is by your side throughout the application process, from your request on its platform to the disbursement of your funds. 

Your advisor will take all the necessary steps to ensure a quality, safe and efficient service.

You just have to take the first step to realize it! Covering your financing needs is now easy. No obligation and no charge.

 

 

 



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Since the Covid pandemic, companies have multiplied remote working methods. The most widely used is telecommuting. Two years later, has this method been successful?

 

Let's take a step back

During the lockdown, the world of work experienced a real shift.

Companies had to adapt and various means were put in place to ensure the continuity of services, sales, and the very functioning of the organization.

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The famous cardboard box filled with a computer, a mouse and a screen that the employees took home...

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The less fortunate had to sit on an old table at the back of their bedroom.

Children screamed in the background and parents had to juggle their work responsibilities with those of being a mother or father.

Ah... What wonderful memories!

In addition, the schedules became confused. There was no beginning and no end. We were already connected before, but now the workplace had invited itself into our home, into the family, into our home.

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The doctor's appointment, the receipt of the Zalando package, the visit of the plumber... What required us to take time off or organize ourselves differently simply fit into his work schedule, on site.

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Finally, regular reviews were required to assess the effectiveness of telework policies and gather feedback from employees.

The big winners? Zoom, Teams, Skype, Webex... It was a good time and the number of users exploded

 

Video conferencing platforms

In order to establish clear and effective communication channels, it is necessary to have instant messaging and video conferencing tools to maintain smooth communication between team members. This transition is being made by different players who bring specificities specific to each sector.

You may have seen that.

Some companies will use the Zoom platform, which allows simple video conferences with a discussion thread, which is easy to use and not very connected to other services.

Others will use Microsoft Teams or Webex, which offer more integrated and secure business solutions.

Skype and Google Meet round out the market leaders, at least in Europe.

 

And what about employers?

The main fear of some employers during this pandemic?

Decreased productivity.

The prevailing thought was that employees, less supervised than before, would work less given this new organizational freedom.

The endless breaks, the last-minute shopping, the Netflix binging...

We're not going to lie, the majority of teleworkers have taken advantage of this to better combine professional and personal needs.

There have been many productivity studies, too many to mention here.

In the end, productivity dropped slightly on average, but this varied enormously depending on the functions and responsibilities.

Profiles whose tasks were recurrent completed their work more quickly and, not needing to do more, to take advantage of the time available to go about their personal business.

Others worked even harder, especially early in the morning, late at night, or on weekends.

Where some managers suffered from a lack of supervision (monitoring?) of their teams; Some employees did not take well to the distance, the lack of clarity on the establishment of rules... All of them missed interpersonal relationships and this may have impacted the corporate culture and sense of well-being.

In conclusion, there is neither one statistic valid for everyone nor a representative feeling of all employers and employees. However, there is no doubt that the world of work has changed and the effects continue today.

 

Exactly. And today?

Companies are adapting to the demands of employees, especially young people entering the workforce.

They demand flexibility, adapted schedules and, yes, telecommuting.

In Switzerland, the job market is in favour of job applicants. Companies must therefore remain attractive and take these demands into account.

Companies are implementing hybrid work modes that allow the employee more time to work from home but require them to be present for a certain number of days in the office. Again, there is no single rule.

Some organizations simply refuse the principle of remote work.

Others impose a fixed day of attendance.

Some leave the choice to their teams.

One thing is for sure, remote work is here to stay, in one form or another.

More than controlling productivity, more than managing teams and workloads, the real challenge is to keep the links between employees, to ensure proximity between managers and their teams.

Finding a balance between the attractiveness of the employer brand, individual well-being and the needs of the company; This is where the effort must be directed for the future.

 

At work and at home, Milenia is always available

Accessing credit through our financing platform has never been easier.

Everything is within your reach, with customization according to your projects, we accompany you from start to finish so that your projects can see the light of day.

For your personal loan, we offer the best market conditions with 0 application fees. Everything is designed to make your life easier.

Your loan application can be done entirely remotely, with support from your personal advisor or both at the same time.

The flexibility, adaptability, personalization of your offer... All of this is embedded in our approach and services.

As the leading credit player in Switzerland, place your trust in us so that your personal dreams and projects come true.

 

 

 

 

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Loan illustration: loan of CHF 10'000. Effective annual interests rates between 4.9% and 11.95% over a 12 month period lead to total interests of between CHF 261.80 and CHF 624.80. Duration: 6-120 months; Maximum annual interest rate (including all loan handling costs) 11.95%. Loans approval are prohibited if they lead to excess debt for the consumer. (Art. 3 LCD)

 

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