Anyone who wants to finally fulfill their dream of becoming self-employed starts a company. Of course, this project must be carefully considered in advance and financial planning is also required. Depending on what kind of company it is later, different financial resources are required. The self-employed, who of course only want to work as freelancers from home, generally do not need large financial resources.
A lot of money is usually required
But if you want to found a real company with premises, office supplies and other necessary purchases, a lot of money is usually required. Of course, anyone who has saved in advance for starting a company or has made enough money in the past no longer has to worry about financing. But there are also a relatively large number of people who have to take out a suitable loan to set up a company.
If you are in such a situation after all, it is a real vicious circle. On site, at the numerous banks, as a business start-up you usually do not get any credit for starting a company. Without sufficient security, such as proof of income or wages, the situation is virtually hopeless. Branch banks grant a cheap loan that can be used to set up a company only if they receive certain guarantees and do not take any risks.
The situation is not hopeless
As an independent borrower, you cannot expect a loan from a local bank, but there are numerous lenders on the Internet that are a lot easier to convince. While certain types of collateral, excellent creditworthiness and non-existent negative Credit Bureau entries usually play important roles, direct banks also have the option of choosing alternatives as collateral.
So there is still a cheap loan that can be used to set up a company and also approved. Of course, the self-employed have to resort to alternative forms of security, such as a very good guarantee or equivalent security. If you can prove this security to the direct bank, there is usually nothing standing in the way of a loan approval. A cheap loan for founding a company is therefore easily possible.
Favorable interest rates and individual conditions
Anyone who has opted for a cheap loan that can be used to set up a company can benefit from very low interest rates and profitable conditions. Internet banks enable their borrowers to make a relatively simple application online. After the self-employed have filled it out and used it with the direct bank, you only have to wait a relatively short time until you find out about the approval. Even a larger sum of money (10,000-15,000 USD) is possible via a cheap loan for the company foundation.
In addition, low interest rates, which range from around 3-6%, allow the self-employed to take out the loan over a very long period. So that the new company can start successfully and that there can be no problems due to the financial burden in the coming months and years, the self-employed worker should best opt for a very long term of up to 120 months. So nothing stands in the way of professional self-realization.