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Loans for freelancers up to € 100,000.

Are you autonomous or do you have an SME or company? Do you want financing to have more liquidity in your business and to grow your project? You find, Spotcab may interest you.

Pottyoan is a credit granting company (from 1,000 Euros to € 100,000) that has developed an algorithm that analyzes your loan request instantly. After submitting your application, you will know immediately if you have been granted the money for your company or company. Thanks to this system, you will not have to waste time or move to traditional banking entities and you can take care of the really important thing: manage your work.

What is Pottyoan and who is behind

It is a company specialized in granting credit to freelancers and Spanish companies. It started operating in 2014 and since then it has expanded to different European countries and in Australia. 

They have a team of specialized advisors, who help you during the money request process, offering you very competitive loans with interests that adapt to your company’s profile.

Its motto is: fast credits to say “yes” more times to our clients. The processing is almost immediate, so they position themselves above the banks, speeding up the processes and waiting times. Although initially they started only by financing online businesses, they currently give credit to all types of companies and freelancers.

What requirements do I have to meet to apply for credit?

If you are self-employed or have an SME or small company based in Spain, you meet the first requirement to access Pottyoan credits.

The rest of the conditions you have here:

  • Your annual billing must be a minimum of 50,000 euros.
  • You must have been operating as a freelancer or company for a minimum of one fiscal year (12 months)
  • You have made the VAT declaration or failing the corporate tax. In case your company operates online.

What documentation must I submit

More than documentation, what you should do is:

  • Give access to your accounts if you sell online.
  • Submit your income tax, VAT or corporate tax returns.
  • And finally, connect your business account with Pottyoan. This connection has triple functionality:
  1. Analyze the turnover of your company.
  2. Enter the credit you need in your bank account.
  3. Turn monthly installments for loan payment.

How Pottyoan works

The first step is to enter your website, since all the procedures are done online and request the amount of credit line you need.

Once you have registered, they will contact you to give you the conditions of the credit line for your company. Interest varies depending on your risk profile, however they are always more competitive than bank interests.

Let’s see it with an example so you can get a better idea of ​​how it works: An average risk profile, request € 20,000 to be returned in 6 months. If you use all the money you should return in monthly installments after 6 months a total of 22,000 euros.

Credit line

What happens if I don’t use the granted line

What you should know is that they grant you a line of credit for the requested amount, however, if you don’t use that money you won’t pay anything for it.

That grant of money will be active for a period of three months and after this time it will be reviewed again in case your profile has changed and so on.

What happens if I spend the money

You can get the money you want from your loan, only once a day and during working days. You can use it in its entirety or just take out a part.

Charges for the money borrowed will be paid monthly through the direct debit in the bank account you provided in the application. If you take the money one day 15, you will receive the charge one month later, exactly the same day. This monthly fee is the equivalent of one sixth of the money used.

Why a sixth? Because the maximum return period is six months. However, you can also return the money flexibly before the month. Daily, weekly, etc.

Why ask for a loan with Pottyoan

The main advantage, no doubt, is the flexibility in payment. Although the maximum time is 6 months, you can make daily contributions for the maturity of your debt. You choose how to pay that borrowed money within six months.

The other advantages that Pottyoan customers value most are:

  • Your minimum interests are 0.5%
  • Flexible credit, from € 1,000 to € 100,000: Not all companies or freelancers are equal, in the same way their liquidity needs are also variable. For this reason you can ask for the credit you need depending on your type of company. You may only need 10,000 euros or have a higher need. Here you can request money up to € 100,000.
  • Immediate speed in the money grant response: the algorithm developed by this company operates directly once you make your request. The answer to the approval of your money will be in a matter of minutes. In this way you can know at the click of a click if your loan has been granted or not.
  • Ease of use: since all operations are done online you will not have to worry about anything. At all times you can access your private profile and see the status of your credit, control the days of return and make the desired contributions.
  • They do not charge opening or cancellation interest: You have no associated expenses for partial or total capital cancellations. They will also not charge you anything for the credit line until you use it.

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