Many people dream about opening their own business. Some people implement plans with determination, others have doubts, and others lack money. If finance is the biggest obstacle, maybe it is worth considering a loan for start-up companies? Depending on the type of business and industry in which we want to operate, the costs associated with the initial contribution, the purchase of goods, equipment, etc. will be different. In some companies it is a matter of several thousand dollars, in others several dozen or even several hundred thousand dollars. When creating a business plan, we should determine what costs we are talking about. One should not forget that credit for new companies is one side of the coin. You also need to be sure that there is an outlet and the company will be able to stay on the market.
Loans for start-up companies
When we are looking for money to start a business, we sometimes get lost in the fog and do not know if anyone will help us. Meanwhile, there are quite a few solutions that we can use. Although the loan for start-up companies is not available in every financial institution to which we apply, we will still have a lot to choose from.
Banks often warn that they have attractive offers for companies. Unfortunately, this often applies to companies that have been on the market for a long time, are reliable and can support this with financial results. Fortunately, more and more often among financial products are also proposals for people who are just starting. As with any other case, you must apply for a loan to start your business. Attached to this are such attachments as an entry in the business register, business plan, certificate of non-arrears in ZUS and Tax Office. We must prepare that it will be necessary to secure the loan. Most often, such collateral is assignment of receivables, third party surety or mortgage.
New company and loan
A start-up loan for new businesses is not always easy to get. Even if it would seem that we meet all the conditions, we will get a negative decision. Even then, we are not completely helpless. Non-bank institutions and loans for new companies come with help. Due to the fact that such companies operate on the basis of regulations other than banks, they do not have to comply with so many formalities. Banks are very cautious about new companies, they are not very reliable and it is difficult to predict what their future situation will look like.
Similarly to loans, there is a great variety of loans. Not everyone will be equally attractive. All conditions must be carefully considered. From the period for which you can borrow money, through interest and other costs, to the amount you can borrow. Depending on where you apply, a loan for new businesses gives you the option to borrow a different amount. In some companies it will be a maximum of USD 20,000 and in others USD 50,000. The procedure itself is simple. You must submit an application, where you will need to provide, among others such as data such as PESEL, bank account number, tax identification number of the company, and then wait for the decision.
Credit or loan?
When we need to organize money, we immediately think about the bank. However, as it was above, having a young company, we will not necessarily get one. The conditions will not always be as attractive as for entrepreneurs who have been on the market for years. And if we are looking for a way to get money to repay ZUS and the Tax Office, the matter gets complicated. Regardless of whether the company brings profits, social contributions and taxes, we have to pay on time, otherwise we face a lot of unpleasantness. With arrears, we can forget about the bank’s support. It is the same when our history in BIK doesn’t look good.
A loan for new companies is something that every entrepreneur can use. The customer is not always verified for premium payments, so there is a chance for the application to be considered successfully. It is also worth noting that a loan is a good solution when we care about time. Due to the many formalities in the bank, it takes a long time to analyze the application and credit situation. With a loan for companies, the formalities are much less, and thus the decision is made much faster.