As an entrepreneur, you can unlock extra liquid assets by refinancing your property. This applies in particular to entrepreneurs who have already largely or even fully repaid the mortgage on their property. At Possibly you can as an entrepreneur within two working days via the so-called quick scan see what the possibilities are to generate a financial buffer.
“We notice that many entrepreneurs need extra liquidity,” says Annemieke Schoonderwoerd, one of the founders of Possible. “These are uncertain times and then a full greenhouse is a calming thought. But sometimes that money is simply badly needed to be able to pay stocks or creditors.”
Money in the account
There are countless entrepreneurs who once took out a mortgage of a few hundred thousand, for example, and who have now largely – or perhaps completely – repaid them. By increasing that mortgage again, they can get money into their account. And that’s happening to an increasing extent at the moment, they note at the Possibility office.
The company from Breukelen is growing rapidly and has built up an impressive network of investors. It thus offers entrepreneurs in the Netherlands the opportunity to free up money with the help of a private investor. Possibly brings investors and entrepreneurs who need money together. The investors receive a return, plus the first right of mortgage. The business premises therefore serve as collateral. In fact a win-win situation, because an investor wants to get more out of his assets and the entrepreneur – who actually needs liquid assets – can make investments in his company, or pay other costs.
Alternative financing popular
Because entrepreneurs at banks are increasingly encountering closed doors, alternative financing – i.e. without a bank – is booming. Last year, more than 42,000 companies arranged financing outside the major banks, according to a study by Stichting MKB Financiering. This provided a total of €3.1 billion in financing, a growth of 32% compared to the previous year. More than one in five loans under €1 million were provided in this way in 2021.
The advantage of Possible is that as an entrepreneur you quickly have clarity. Thanks to quick scan you will know within two working days what the options are and the actual financing can often be arranged within one or two weeks. Many investors associated with Possible have been entrepreneurs and therefore know better than anyone that you do not want to wait too long for your money. After all, as an entrepreneur you want to be able to continue.