Ideal for the self-employed
People want to start their own business by building a business in order to be successful and above all to make money. Many have excellent business ideas that are rarely implemented unless seed capital is available. Establishing an existence also means investing a lot of money so that the company can be set up.
Since many lack this money, they resort to the credit for entrepreneurs. Banks provide credit to start-ups if they are confident in the concept presented to them. The company must be so confident that the bank can assume that no red numbers are written. For expectant self-employed borrowing is rather a small possibility to realize the dream of their own company.
What requirements must the entrepreneur bring with him?
Banks always ask for documentation of the business idea and a plan with a profit calculation in advance. Thus, the start-up entrepreneur, before the talk about the loan for company founders should prepare well and create a business plan. The credit for company founders can also be taken out if bottlenecks occur or important acquisitions such as a vehicle have to be made. In addition, the founder should have no entries in the Schufa, as this always has a negative impact on lending. If you have a partner with your company, you can use it as a guarantor. Better would be a guarantor who has a regular income, for example, can come from the family.
Who offers this loan?
A credit for company founders can not be accepted by all banks. For many banks, the risk of default seems too high or they are not convinced enough by the business plan that they will not be granted a loan. A loan comparison process identifies banks that provide credit to start-ups and also provides important information about the terms that are offered. The credit for start-up entrepreneurs on the Internet is a little cheaper than the bank on the ground.
A credit comparison can save fees, who decide on the provider who offers the most favorable interest rates for the borrower. However, a loan comparison at the local bank can also be worthwhile, especially if the borrower already holds an account with this bank. So the bank knows the borrower and can notify a loan decision more quickly and does not need such a big effort in checking the loan. For example, the bank often has confidence in its client and is more willing to lend a loan to start-ups.