Loans and subsidies for the self-employed

Loans and subsidies for the self-employed, craftsmen and freelancers

There are now over a thousand loans and grants for the self-employed. But who knows the right credit for his situation? And if self-employed make an application for a loan, then you should know the conditions for it, otherwise a loan from a bank is quickly rejected.

We have put together a personal credits and funding description for self-employed. The tail unit can be downloaded immediately for 39,90.

An excerpt can be found at personal loans and self-employment funding.

Personal loan for self-employed without bank

Personal loan for self-employed without bank

If there is insufficient income for the self-employed in the last two calendar years, self-employed persons are usually refused credit by their bank. But there are now many alternatives, how self-employed can finance properly without their house bank. In the personal loans and subsidies, we have listed several interesting options. And there is certainly also suitable for you as a self-employed offers.

Credit for self-employed without private credit information

Credit for self-employed without private credit information

A private credit entry is usually three years in the private credit, even if the demand has long been paid! But a private credit entry means for self-employed with a credit rejection. Many self-employed people are denied access to the credit market.

In our personal loans and subsidies for self-employed, we have also listed offers in which a private credit entry plays no role. Find out about our reader test.

Credit counseling for the self-employed

Credit counseling for the self-employed

As a small business owner, you are responsible and responsible for everything. And there is no such thing as a man who knows everything equally well. Because everyone has strengths and weaknesses. Mid-sized and larger companies use qualified managers in positions of responsibility. And what can the individual entrepreneur do?

The self-employed has as a consultant his tax adviser and bank consultant! And? Did these consultants help you?

Financial advice supported by the BAFA

Financial advice supported by the BAFA

Our advice is promoted by BAFA from 50% to 90% . We help you to solve the most important problems and get suitable loans. Even Intrasavings Bank recommends: In case of problems, self-employed should get an external consultant.

You can apply for a consulting grant for the following types:

  1. Start-up companies up to 3 years after founding (start-up)
  2. Companies from 3 years in the growth phase
  3. Companies in difficulty from the 3rd year

Credit advice, if banks reject!

Credit advice, if banks reject!

  • favorable government loans by Intrasavings Bank with indemnity
  • Rescheduling expensive current account credit
  • Order pre-financing and increase warehouse
  • Guarantee of the guarantee bank if the collateral is too low
  • Capital raising for other purposes
  • Consulting cost subsidy 50% to 80%

There are banks that still finance if the house bank refuses!

What is the debt ratio?

The realization of a real estate project involves, for the applicant, to know his borrowing capacity, this in order to have a precise idea of ​​the amount he is able to borrow for good. To determine this capacity, banks use a tool based on the ratio between expenses and recurring revenues. This tool, called the debt ratio, makes it possible to estimate as much as possible the share of the budget dedicated to the repayment of monthly payments of the mortgage loan.

The debt ratio in a nutshell

debt

It is generally accepted that the debt ratio should not exceed 33 %, in order to preserve the financial position of the borrower and not to create a risk of any difficulties in repaying the loan. 
Thus, depending on the household debt ratio, and depending on whether the risk is judged or not too high, a mortgage can be refused or granted by the lenders.

In spite of the 33% rule, each institution determines the real estate debt ratio and the borrowing capacity of the applicant according to its own rules.

The reason why a household can be refused a loan by a bank when another will accept his file for the same project. 
It should also be noted that banks do not limit their study to the single loan rate of the mortgage, but also analyze the profile of the borrower, namely his professional situation, his family situation, his age, his income, the duration of the loan or the existence of a personal contribution.

The notion of “rest to live”

The notion of "rest to live"

In this respect, the mortgage debt ratio may vary significantly depending on the resources of the households concerned.

A borrower whose resources allow him to have a comfortable “rest to live” can thus benefit from a slightly higher debt ratio than a household with modest resources.

For information, some incomes are systematically taken into account for the calculation of the debt ratio. These are net wages, including, where applicable, contractual bonuses, non-salaried employment income, maintenance payments made by court order, as well as retirement pensions, disability …

Conversely, taking other income into account is left to the discretion of banking institutions.

These are commissions, family allowances, housing allowances and property income. 
On the other hand, exceptional bonuses and other professional allowances are excluded from the calculation of the debt ratio during a mortgage.

To know its borrowing capacity and determine its debt ratio, the following rule should be applied: 
debt ratio = total amount of the loan x 100 / net income, some and recurring of the borrower (s)

Without a house bank: order and compare company loan online!

Order a company loan online: faster and cheaper than the house bank!

Order a company loan online: faster and cheaper than the house bank!

The self-employed, tradesmen and small companies no longer have to go to the bank for a loan, and there – often in the role of the petitioner – to present their credit request to the bank official. Finally, corporate loans are also online, as has been the case for consumer loans for years. Thanks to modern Financial Technologies developments, the processing of corporate loans can be standardized as well as in the consumer loan business. All this for the benefit of companies. You can now just order your desired corporate loan online, get multiple offers and compare.

Another advantage: In contrast to the house bank, Financial Technologies makes tailor-made financing offers possible, ie offers tailored to the individual needs of the customer. Tailor-made offers are always for the benefit of the customer.

This is different with conventional banks: the customer receives a standard bank offer with fixed interest and repayment terms, regardless of their individual needs. For example, a client has very different credit requirements to bridge a liquidity gap than financing a long-term product development.

With their unconventional ideas and innovative business models, Financial Technologies companies whirl around the classic financial and banking world. In the US, around 80% of corporate financing is already bypassing conventional banks. In Germany too, alternative corporate financing through Financial Technologies portals and online brokers is on the rise.

A typical example of a fin-tech application is inancingent – a finance portal for self-employed, business people, freelancers, financial advisers and small businesses.

inancingent is a bank-independent and cross-product online platform: corporate lending will also include other financial products such as leasing, factoring, mezzanine capital, purchasing and project finance, private debt. or offered for real estate financing.

Order a company loan online via the inancingent finance portal: access to 220 financial partners and 1,700 subsidies!

Order a company loan online via the inancingent finance portal: access to 220 financial partners and 1,700 subsidies!

At inancingent, self-employed persons, traders and small businesses receive tailor – made financing offers from 220 financial service providers – notable banks and savings banks – and 1,700 promotional programs at EU, federal and state level in Germany.

The range of subsidies offered to the self-employed, businesses, small companies and start-ups is particularly large: depending on the investment projects, applicants can resort to more than 1,500 support programs – awarded by the federal government, the federal states, the European Union and guarantee banks.

The procedure is simple and plausible: in the first step, applicants describe the financing project. If the information entered matches a support program deposited with inancingent, the company is made aware of this and can directly access the program’s consideration of the offer made by the banks and savings banks.  
In addition to being able to benefit from grants, loan seekers can quickly and easily find the optimal financing solution and the best possible terms in terms of interest, term, own funds and collateral via the inancingent platform.

Fast, fully digitized corporate loan in the event of financing bottlenecks

Fast, fully digitized corporate loan in the event of financing bottlenecks

In the event of unexpected financing bottlenecks, self-employed and small companies in particular depend on speed for loans. A fast corporate loan with a binding commitment is the solution. The new digital corporate loan offered by inancingent in cooperation with solare Bank fulfills exactly the requirements for a fast loan solution to overcome financing gaps.

The Digital Corporate Loan, a bridging loan from inancingent, meets the requirements for rapid lending to bridge financing bottlenecks for the self-employed, professionals, tradesmen and small and medium-sized enterprises (SMEs):

  • Bridging loan up to 100,000 euros within 24 hours
  • Bridging loan up to 750,000 euros within 48 hours

Corporate Loan online: In 3 steps to a customized offer!

With the exception of the Quick Loan – Digital Corporate Loan – the following 3 steps apply:

  1. Create user account and enter financing project (call for tenders). If the information entered matches a support program deposited with inancingent, the company is made aware of this and can directly access the program’s consideration of the offer made by the banks and savings banks. Furthermore, the applicant sets a period until when he expects a response to the call. If you have questions, a customer service is available.
  2. If potential donors (investors, financial service providers, funding institutions,…) are interested in the application, various offers will be received during the specified period. This finds the applicant in his user account.
  3. If the set deadline has expired, the applicant is ideally spoiled for choice. Upon request, the applicant can also request a neutral consultation from inancingent. Once the decision has been made, inancingent establishes contact between both parties.

inancingent at a glance:

  • Financing for traders, self-employed persons and businesses
  • Corporate Credits – Factoring – Leasing – Private Equity
  • Digital corporate loan for short-term, fast loan solutions (bridging loan, bridging loan,…)
  • Online comparison of financial products from over 220 financial partners
  • Access to 1,700 funding programs
  • Free quote within 24 hours

Conclusion: With the finance portal inancingent, self-employed and companies can conveniently and easily apply for the desired company credit online and compare the offers received. No fewer than 220 financial services providers and 1,700 subsidies are available. This considerably increases the chance of a suitable and tailor-made offer. This is in contrast to the standard offer of the house bank. With the Digital Employment Credit loan, inancingent is also suitable for short-term, fast loan solutions with a binding commitment within 24 hours!

Many self-employed and small companies do not know that…

  1. … with the financial portal inancingent, increase the credit chances by 100% and save over 30% interest? More: SME tip: 100% higher credit chances and 30% interest savings!
  2. … the “Digital Employment Credit” (DEC) offered by inancingent meets the requirements for fast lending to bridge financing bottlenecks. This allows customers to receive a loan commitment of more than € 100,000 within only 24 hours, with a maximum of € 750,000 within 48 hours. Also under: inancingent also for fast credit solutions within 24 hours!
  3. … Factoring as a credit alternative for medium-sized companies is not only an interesting solution in times of crisis!
  4. … that a financially strong guarantor definitely increases the credit chances.
  5. … that the purpose of the loan may also be important in the credit decision of the bank.

Everything else about loans for the self-employed, freelancers, founders, entrepreneurs, tradesmen and small companies find loan seekers in our practice guide loan for small businesses & self-employed.