Accessible financing - built into your account

Financing is designed for small and medium businesses as well as freelancers who want to improve their cash flow within a short time without a tedious search for a trusted lendor.

The maximum loan amount that can be approved is €250.000. Several factors influence the approved loan amount, but the primary factor is your business's average monthly revenue. To get an estimate, you can use the loan calculator in the Vivid Business web app.

Currently, loans are available for registered German businesses and freelancers that are in operation for more than six months. Applications can be submitted from the Vivid Business account by anyone that holds an Owner or Admin role. More details can be found here.

Loan applications are initiated inside the web interface of your Vivid Business account, in the section “Financing”. After calculating an approximate loan amount based on your business’s monthly revenue, you will be forwarded to our trusted partner Banxware. You should check all pre-filled details on the platform and choose your loan term and payout account. To finalise the application, all directors will have to complete a verification. The process is explained in detail here.

Once you submit your application, the decision process typically takes around 24 hours. You will receive the decision via your registered email address with Vivid Business. Once the contract is signed and agreed upon, the full approved loan amount will be disbursed to your linked Vivid Business Account via Banxware within approximately 24 hours.

There is a one-time upfront fee, starting from 1% per month of your loan term (e.g. 6-month term = 6% fee). Optionally, you can choose to pay a fee to increase the speed of application review. More details on these two fees can be found here.

Our partner Banxware is a fintech start-up based in Berlin, dedicated to providing simple and flexible financing solutions. With Banxware, companies can access capital quickly and effortlessly, without the hassle of complex loan terms or hidden fees.

Repayment occurs on a weekly basis as a direct debit from an account of your choice. The installment amount is based on the loan term you selected. More details here.

While our partner Banxware does not report loan applications directly to SCHUFA, SCHUFA may be able to see that information about your credit score was accessed. Keep in mind that a loan inquiry does not necessarily impact your score negatively, but it can be visible to other lenders or financial institutions when they check your credit history. More about this topic here.