Why is a digital financing alternative for your startup more convenient than a bank loan?
The most recurring problem for companies today, and the main reason for bankruptcy, is the lack of cash. In other words, when entrepreneurs start to run out of cash to operate, a common mistake is to resort to SME loans from traditional banks.
Traditional loans offer fixed amounts, with a fixed rate for a fixed term to be paid in fixed installments. This rigidity forces companies to borrow more than they need and therefore to pay more interest than they should.