What is a loan company?

A loan company is either a credit company or a bank that has received approval from the Financial Supervisory Authority to carry out lending activities. It can be anything from credit companies, big banks to niche banks. Any company or business that lends money against interest rate are loan companies.

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Froda is a loan company that offers fully digital business loans tailored to the needs of small and medium-sized businesses. By digitizing the process, we can not only simplify the application process for you, we can also significantly shorten the process from application to payment. When you apply for a business loan with Froda, you will be notified within 24 hours and the loan will be paid no later than the next business day.

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Find out how Froda can help you and your business grow by applying here.