Investors behind NovaLend decided to fill this gap by offering business loans tailored to the needs of sole proprietorships and company partners. The platform allows quick access to cash without the need to present a stack of documents and securities that are impossible to obtain in a short time.
10,000 PLN monthly turnover and 3 months of activity
NovaLend is a loan platform for business that has been offering financing for micro and small enterprises since 2023. These are the ones most often left without a bank loan due to too low revenues, too short activity, or arrears with ZUS or the tax office. In short, NovaLend helps companies with potential that do not fit into the rigid criteria of the traditional financial system.
NovaLend’s mission is to facilitate access to fast loans without unnecessary formalities and bureaucratic obstacles. Up to 95% of loan applicants receive an offer within 24 hours of submitting the application. This is especially important for SMEs that face cost pressure and often a quick response can allow them to take advantage of a purchasing opportunity or carry out an urgent investment.
Basic loan parameters at NovaLend:
- Loans are granted to sole proprietorships and companies,
- Arrears with ZUS, the tax office, and KRD entries do not exclude,
- Available for companies operating for at least 3 months,
- Minimum monthly turnover of the applicant already from 10,000 PLN,
- Loan amount: from 5,000 PLN to 1 million PLN,
- Credit period: from 3 to 24 months.
Each company’s situation is different, so the loan security can be a blank promissory note or a promissory guarantee, as well as a pledge on real estate or other assets. It all depends on the loan amount and the type of security the entrepreneur can present.
The aforementioned BIK report confirms that the smallest and youngest companies mainly need external support to cover daily operating costs. Financing from NovaLend can be used for any purpose related to the business, e.g. for current expenses, debt repayment, or investments.
- Our experience shows that sometimes a small impulse is enough to give a company a lift. It can be either an investment or a straightening of the company’s financial situation. For example, a label‑producing company could purchase specialized paper for 200,000 PLN on a loan. The result is improved product availability and an influx of new customers, which in turn increases revenue. Financing therefore translates into business development - notes Sergii Demchuk, CEO of NovaLend.
Minimal paperwork and a decision in a few hours
The saying “time is money” is repeated for generations for a reason. When decisions must be made quickly, you cannot wait weeks for a loan application to be approved. That is why the financing process at NovaLend is simplified to just three steps:
- Register on www.novalend.pl, where only basic company and applicant data are needed;
- Specify the loan amount;
- Provide basic financial data from the company’s bank account via the Kontomatik system.
That’s it. No paper documents or certificates are required. Filling out the application takes no more than 5 minutes. The most important thing is that the credit decision takes NovaLend only a few hours, and in some cases even a few minutes. In most cases the agreement is also signed online. It all depends on the financing amount and the type of security. The money is transferred to the applicant’s company account on the same day. The entire procedure, from application submission to the funds being credited, takes only 1–2 business days.
In business, it is worth choosing flexible solutions that can be tailored to your needs. That is how it is with a NovaLend loan, which can be repaid in equal installments or balloon. There is also the possibility of setting an individual schedule tailored to specific needs and possibilities. This solution, for example, is for companies that generate higher seasonal income.
Flexible approach as the biggest advantage
The biggest advantage of flexible online financing is accessibility. Companies with short tenure (from 3 months) and relatively low revenues (minimum 10,000 PLN per month) can count on a loan. Thanks to this, newly founded entrepreneurs or simply small entrepreneurs gain a chance for development or maintaining financial liquidity. The industry does not matter, whether the sole proprietorship or SME operates in construction, technology, retail, gastronomy, courier services, etc. - Every NovaLend client has a dedicated advisor who “guides” the entrepreneur until the loan is repaid. You can discuss possible changes to the schedule or a suspension of payments, because that is also possible. We are flexible and always try to adapt the terms to the borrower’s individual situation - emphasizes Demchuk.
Although a bank seems like the natural choice when thinking of a loan, it is not worth giving up the options offered by NovaLend. The platform operates in a non‑bank model, which does not mean higher risk, but rather a different way of responding to market needs. Operating in accordance with industry standards and best practices is confirmed by membership in the Polish Association of Loan Institutions. For entrepreneurs this is a clear signal that quick access to capital can go hand in hand with safety and transparency of the process.
Financing from NovaLend works well when time matters. If a company needs a quick cash injection and a bank rejects the application or processes it for a month, this form of financing can prove to be the best solution.
