Do you need to raise the working capital needed to develop your e-shop and you can't get a loan from a bank? MALL Financing is a service provided by startup Lemonero within the MALL Partner program and its goal is to provide Czech and Slovak e-shops with affordable financing. In the article below, you will learn how you can apply for short-term financing and what you need to do so.
New service MALL Financing allows you to apply for funding directly from MALL Partner portal. The entire application process is online, takes less than half an hour and approval is within five minutes. You can have the funds in your bank account the same day, so we can provide you with the funds much faster than banking institutions. The entire service is completely transparent and there are no hidden fees.
All you have to do is connect to Lemonero, which provides this service, and activate the add-on. Thanks to this connection, the e-shop system will analyse your turnover and see how much you can borrow.
By providing this service, we try to help in situations that may arise during the growth of an e-shop, such as the start-up of an e-shop, the purchase of stock, investment in marketing or the expansion of sales abroad.
Benefits of MALL Financing by Lemonero:
- 90 minutes consultation with Michal Koubek, expert in financial management
- business financing from 30 thousand up to 1 million crowns / 40 thousand euros to 3, 6 or 12 months
- interest rate 1.2 % per month
- activation and offer of financing completely FREE
- everything is online, fast processing in a few clicks
- no hidden fees
- the possibility of early repayment free of charge
How to apply and what I need to do
All you need to apply for a loan is an ID card, company bank statements for at least the last 6 months and a bank account number for sending the funds.
You can upload documents in .pdf format, or any image format (.jpg, .png, .img).
You can apply directly in the MALL Partner Portal under the tab MALL Financing.
Choose the platform you use to connect your e-shop.
Then you need to install the add-on, pair it with your e-shop and activate the Lemonero service. Once activated, the system will evaluate your customized offer.
You then choose the loan amount and the system automatically redirects you to complete the details and provide the necessary documents.
Once the documents have been sent, all you have to do is sign the contract and your application goes through to approval.
Once your application is approved, you will receive a notification email informing you that you can expect funds in your account within 24 hours.
In the MALL Partner Portal you will then see your repayment schedule, where you will find information on the amount of the repayment including the interest fee and when the repayment is due.
Here you also have the option to repay the loan early. However, you must first contact Lemonero by email to request early repayment.