Opinion on River Bank before applying for a pro credit online
Opinion on River Bank before applying for a pro credit online

Riverbank business credit advice

Presentation River Bank, the online professional loan solution for VSEs and SMEs

Founded in 2017, Riverbank is a Luxembourg company specializing in loan offers for small and medium-sized businesses. Regulated by the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg, River Bank has the possibility of offering online loans to businesses in France and in Europe.

As River Bank's business credit offer is 100% digital, the company is able to offer instant loans online to businesses between €3,000 and €15,000 without the administrative constraints of a traditional bank.

On the strength of its success, with already more than 160 million euros in professional loans granted to their customers, the online professional lending organization River Bank decided to buy in 2020, the French Crowlending platform (which allowed individuals to lend money to companies) in order to reinforce its online pro credit positioning for French SMEs.

This is why we offer you a complete guide and opinion, as well as an in-depth analysis of the River Bank online instant loan solution carried out by our experts. The objective is to objectively give you the advantages and disadvantages before applying for business credit online.

Reviews of the RiverBank business loan

I am doing a loan simulation

✅ Advantages of subscribing to River Bank professional credit

  • Offers 100% online business loan
  • Eligibility response in minutes with the pro online credit simulator
  • Professional loan without deposit
  • No borrower insurance is required
  • Ideal for a cash loan (Need working capital)
  • Accessible from 6 months of professional activity
  • Holder of a European banking license
  • Secure platform
  • Customer service available 7 days a week

❎ Disadvantages of subscribing to River Bank online pro credit

  • Professional instant loan capped at €15,000
  • You have to realize a minimum turnover of €60,000

The RiverBank lending organization wants to be 100% online and transparent (no hidden costs), this is the reason why when you access the River Bank online loan simulation, you will have access to all the information and conditions credit and notice the following points:

  • No application fees
  • No deposit is required (unlike traditional organizations and banks)
  • No borrower insurance fees are required
  • No charge for early repayment
  • No interest charges are requested (Riverbank only charges a commission)

To benefit from this cash credit for companies or companies, you only have to meet the following conditions:

  • Have created your business for 6 months (Date of registration of the valid SIRET number)
  • Be a liberal profession, VSE or SME (SARL, SAS, SASU, EURL), craftsmen or any other commercial companies.
  • Achieve a minimum annual turnover of €60,000

By following these terms, you can with RiverBank:

  • Obtain a professional credit (cash) up to €15,000 available in 48 hours on your bank account by transfer.
  • And repay it up to 12 months maximum

I apply for a loan

RiverBank Business Loan Reviews

☑️ Opinion on the online professional credit solution or River Bank instant loan from ConnectBanque experts

First, we give a positive review to the RiverBank instant loan solution which allows the liberal professions, craftsmen, TPE (Very Small Enterprises), SME (Small and Medium Enterprises) to obtain a professional credit says "fast" totally online whether for your needs for working capital, cash, capital increase, factoring, etc...

The RiverBank online lending organization is first and foremost a bank that has obtained its banking license with the ECB (European Central Bank) since its creation in 2017. RiverBank is also regulated by the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg, which allows the Luxembourg bank to be compliant and to offer its professional banking and credit services online anywhere in Europe. And to reassure you completely, RiverBank has a French subsidiary registered with the following SIRET number: 88906717900016.

To kick off our River Bank review in detail, we appreciate their completely online and secure professional loan platform where you can carry out your credit simulation in complete transparency in order to have the total cost from the start. To know your eligibility to obtain your professional loan, it only takes a few minutes with the River Bank online simulator. And if you meet the conditions, you can receive the funds on your business bank account in 48 hours.

Then, regarding the fees, we like the fact that the River Bank fast loan offer is no application fees, no deposit, no borrower insurance, no interest and no hidden costs. There are only a commission which is calculated from the start transparently where you will have the overall cost of financing as well as the monthly repayments.

However, to benefit from these advantageous conditions and obtain this type of professional loan, your business, company, or professional activity must be created. for at least 6 months and justify an annual turnover of at least €60,000.

Finally, this instant or fast loan seems to be intended to fill your cash or working capital needs on a very punctual basis because repayment must be made over a maximum of 12 months with a borrowing ceiling limited to €15,000.

In order to conclude this review on River Bank, we are obliged to communicate to you this last information and not the least: "A credit commits you and must be repaid. It is important to check your repayment capacity before committing".

I apply for a pro loan

In order to check your eligibility to get an instant loan from River Bank, there is nothing simpler because everything is done online in a few minutes and a few clicks through the following steps:

  • You must first inform the type of company and for what reasons do you want to obtain this professional loan by choosing with a drop-down menu.
  • Indicate the desired amount between 3,000 and 15,000 euros and the repayment period between 1 to 12 months
  • Enter your annual turnover

Just with these elements, you know immediately how much this loan will cost you as well as the exact amount of the monthly payments.

Then, you must provide information about your company by filling in:

  • Your SIREN number
  • Your role in the business or company
  • Your name, first name, telephone number and e-mail address to receive your non-binding professional loan.

For security reasons, you will receive two different codes by e-mail and telephone in order to continue the professional loan simulation.

After the validation of your request, RiverBank will analyze your entered data as well as other data from Open Banking in order to validate your eligibility.

If you are eligible for the RiverBank instant loan, you will need to provide the following documents online: a Kbis extract of less than 3 months, identity card of the manager(s), RIB (Bank Identity Statement) in the name of the company in order to finalize your request and thus obtain the funds in 48 hours on the account of your bank.

I request a pro loan

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