In this video, Jacqueline explains what short-term financing is. Short-term financing is also known as 'fast money'. Fast money, which entrepreneur does not want that now? If you need an amount of money for your business in the short term, applying for a loan from a bank is not ideal. This procedure often takes a long time and you are not yet sure whether you will get the money.
There are various options if you do not want to apply for a loan from the bank. You can close a current account. You can then still have quick money within a certain limit. An alternative is PIN Advance. PIN Advance buys a piece of future pin turnover from an SME entrepreneur (for example a shop, café or restaurant). PIN Advance provides an advance on the transactions that will come in the future. PIN Advance was established to solve a short-term liquidity problem. This concerns, for example, a company that approaches us because there is an emergency, for example if a machine breaks down. They finance from € 2000 to € 50.000.
The advantage of PIN Advance is that you have money quickly in the short term. You pay a higher interest on that. It can be a temporary solution that can get you out of trouble. Do you want to know more about PIN Advance? Then take a look at the website: EMF Finance