Loans from finmid are designed to provide your businesses with fast and effortless access to cash for growth and development. Eligible business customers can use them for needs like equipment purchases, marketing expenses, or general working capital.
Loan amounts
Loan offers consist of pre-approved amounts based on transaction volumes and other non-personal data, with amounts up to 35,000 EUR. You can choose your loan size within the available limit and set your preferred repayment period. If you need a higher limit, you can apply by providing extra information through document upload or an open banking connection. Please keep in mind that the actual loan agreement is executed only after you accept the offer that you see in your Vivid account. In some cases, and after further checking, it is possible that your loan request is ultimately rejected by our partner.
Fast & fully digital application
Loan offers will appear in a Cash Loan account under Accounts and in in-app banners. With just a few clicks, you can view all details and apply quickly with minimal information needed. Once you accept an offer and it’s approved, funds will arrive in your account up to 2 business days after. Please note that the Cash Loan account is a simulated account and does not have an IBAN, the funds will be disbursed in your Vivid Main account.
Capital fee
Each loan has a fixed fee, set up front based on your company’s evaluation, added to the total of your loan. The fee amount doesn’t change, and there are no interest charges or hidden costs.
Loan Repayment
Your offer will have a predetermined loan term, however you can customize it between 3 and 12 months. Repayments are automated and taken on a monthly basis directly from your Vivid account via SEPA Direct Debit, set up during the loan acceptance process.