Bankia has launched a new financing product for SMEs, businesses and the self-employed, associated with the POS (Point of Sale) terminal. The service, called CrediTPV (CrediPOS), is available for customers who have a POS service with the bank, and they have access to immediate short-term financing to cover the daily needs of their business.
CrediTPV is a pre-approved credit line and its risk is linked to the invoicing made by the terminal thanks to which the customer gets instant credit.
The financing amount is between €1,000 and €30,000, depending on the sales generated, and has a maturity date of up to 12 months. Customers may make as many withdrawals as they need provided they do not exceed the maximum amount allocated. Formalization can be made 24 hours a day, since it is done at the POS terminal.
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