Your inventory consists of purchases that help you perform your work effectively. What that includes depends on the industry you're in. It refers to assets that last longer than one year and are not intended for (re)sale. Examples include:
Sometimes you need to purchase a large amount of new inventory at once for example, when opening a new location, expanding your business, or hiring new staff. In such cases, business financing can be useful. It gives you the flexibility to acquire new business assets without having to drain your current account. Instead, you pay a fixed monthly amount for repayment and interest, allowing you to spread the costs over time.
"}},{"componentType":"sectionTitle","title":"Business loan or business lease?"},{"componentType":"paragraph","richBody":{"value":"If you want to purchase assets for your company, there are several financing options. You can choose to lease business assets or take out a business loan. The best option for your company depends on your personal preference and a number of factors:
"}},{"componentType":"accordion","accordionList":[{"title":"1. Your cash flow","richBody":{"value":"Curious which type of financing suits you best? When you calculate your monthly payments using the Quick Check, you'll automatically see which financing option is most beneficial for your situation.
"}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Business loan","intro":"Everything you need to know in one place","image":{"transformBaseUrl":"https://assets.ing.com/transform/b6a8641e-6611-47c1-b951-825329b51c20/Loan","type":"image","width":160,"original":"https://assets.ing.com/m/60ec0af4854099ca/original/Loan.png","extension":"png"},"link":{"url":"/en/business/loans-and-finance/business-loan"},"promoText":"Bereken direct"},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Business loan","intro":"All information about inventory leasing at a glance","image":{"transformBaseUrl":"https://assets.ing.com/transform/948926ad-6c5e-4c08-96d4-93c0b9d59ec7/IL_BoxTools","type":"image","width":252,"altTextEN":"\"\"","altTextNL":"\"\"","original":"https://assets.ing.com/m/76e99f1fd5e61e93/original/IL_BoxTools.svg","extension":"svg"},"link":{"url":"/en/business/loans-and-finance/business-overdraft"},"promoText":"View the terms and conditions"}]},{"componentType":"sectionTitle","title":"What does inventory financing cost?"},{"componentType":"feature","featureName":"orientation-tool-simple"},{"componentType":"sectionTitle","title":"How the application process works"},{"componentType":"applicationProcess","steps":{"stepList":[{"title":"Calculate your monthly payment","body":"Find out what a business overdraft will cost in under 1 minute with the ING Quick Check.","textLink":{"url":"/en/business/loans-and-finance/calculation","text":"ING Quick Check"}},{"title":"Start your application","body":"Apply for your financing in just 5 minutes. Often without annual figures."},{"title":"Receive your offer","body":"After applying, you'll immediately receive a no-obligation offer, or we'll contact you within 2 working days."},{"title":"Receive your financing","body":"Happy with the offer? Sign your contract digitally right away. Your financing will be available within 2 working days."}]}},{"componentType":"sectionTitle","title":"Apply directly"},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"For ING customers","intro":"Log in and easily apply for your loan via Mijn ING Zakelijk","image":{"transformBaseUrl":"https://assets.ing.com/transform/fd40e630-1f1f-45a1-92f4-40fddf258917/Login-Outline","type":"image","width":32,"original":"https://assets.ing.com/m/1554f733b339d7ad/original/Login-Outline.svg","extension":"svg"},"link":{"url":"https://mijnzakelijk.ing.nl/banking/business-lending/request-lending?EW=true"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Not an ING customer yet?","intro":"Use our tool to start your financing application today","image":{"transformBaseUrl":"https://assets.ing.com/transform/b42bcf7f-4ef3-4bb2-9cb8-1ff68f306559/Functionalities-Filter_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/3b1df0b0923bacd4/original/Functionalities-Filter_Outline.svg","extension":"svg"},"link":{"url":"/en/business/loans-and-finance/calculation"}}]},{"componentType":"sectionTitle","title":"What other entrepreneurs ask about financing inventory"},{"componentType":"accordion","accordionList":[{"title":"Am I eligible for financing?","richBody":{"value":"Want to apply for business financing? Then certain conditions apply:
For financing an investment, ING requires collateral:
Basic requirements for business financing:
General terms and conditions from ING
When you take out a Business Loan for your company, it’s important to know what to expect. You can read this in the General Terms and Conditions for Credit Provision. These terms apply to everyone. Additionally, there are specific conditions that vary per business such as the collateral we require. These conditions will be included in the offer you receive after your application is positively assessed.
"}},{"title":"How do you assess my application?","richBody":{"value":"When reviewing your business or company credit application, we evaluate whether your business can meet its financial obligations, now and in the future. The following five factors are important:
Read more about how we assess credit applications.
"}}]}]},"complementaryZone":{"flexComponents":[{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"ING Business Loan","intro":"View all product terms and conditions for a business loan at ING","image":{"transformBaseUrl":"https://assets.ing.com/transform/9230839f-8ba6-4663-b532-83cad9ba17fa/Young-man-holding-design-plans-inside-a-construction-site","type":"image","width":5700,"altTextEN":"Young man holding design plans inside a construction site","altTextNL":"Young man holding design plans inside a construction site","original":"https://assets.ing.com/m/5ad566db184da894/original/Young-man-holding-design-plans-inside-a-construction-site.JPG","extension":"jpg"},"link":{"url":"/en/business/loans-and-finance/business-loan"}},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"All business financing options","intro":"Explore our business financing solutions for your company","image":{"transformBaseUrl":"https://assets.ing.com/transform/d130b0d7-8469-4d07-a67a-43b4b4e281a1/Overhead-view-of-a-person-standing-at-the-cash-register-with-a-notepad-and-a-phone-with-the-ING-mobile-app-open-on-the-screen","type":"image","width":5616,"original":"https://assets.ing.com/m/31673aaf98e90c3c/original/Overhead-view-of-a-person-standing-at-the-cash-register-with-a-notepad-and-a-phone-with-the-ING-mobile-app-open-on-the-screen.jpg","extension":"jpg"},"link":{"url":"/en/business/loans-and-finance"}}]}]}}}