What is important for a self-employed loan? to be self-employed. Regardless of the type of loan, a bank in Austria needs collateral. Without these hurdles, we therefore do not receive any credit bureau information and grant loans to the self-employed. With banks and other lenders in Germany, Austria, Switzerland and some other European countries, we have a wide network of contacts. Loan offers for the self-employed in Austria and Germany – what should be considered?
Corporate loans in Austria – Who finances companies?
This often results in a company having to borrow to pay its suppliers. The economic balance in Austria would be permanently shaken if the bank were not supported adequately. Such corporate loans are part of the day-to-day business of most credit institutions.
Of course, such situations are foreseen, but of course, various documents must be submitted to form the appropriate framework for the granting of the loan. All borrowers should follow this procedure to ensure trouble-free operation. The following information is required for all loans: As a rule, such a loan will not exceed EUR 30,000.
These procedures are part of the day-to-day operations of credit institutions and are considered as instant loans, which should not cause any further difficulties. Should the loan amount need to be increased, this is certainly associated with a further control by the house bank and should then be clarified in individual cases. It must always be ensured that all documents are completely available and that the application for a loan is flawless.
In many banks, the borrower can easily log in via the Internet and thus take out his loan. The loan will then be available in about ten days and the short-term financial bottleneck problem is quickly resolved. The large loan for business founders in Germany can be granted for existing companies or for new companies.
As a rule, a commitment is made within 10 working days and availability depends on the duration of the loan and, to a large extent, on the amount of money needed. Economic forecasts are becoming more of a focus here than for small loans, as lending without a chance of success is not possible.
It should always be examined whether the innovation project could possibly benefit from EU subsidies available under particularly advantageous conditions. Above all, new impulses for the expanding economic area of Europe should be a good incentive for the Austrian companies to face tough competition in the coming years. Second
Lending is also reversed – see first which investments can be optimized with EU funds and then check the consistency of the business idea. Specialist areas with high growth orientation such. As information technology and communication are currently well looked after and there are many other industries, which advertises interesting special offers for creative thinking companies.
Employees with open-ended employment contracts generally do not have a lending obstacle, while companies are less welcome bank customers. Although freelancers are usually granted an overdraft facility, this form of financing is highly attractive. Not only in Germany is the number of credit offers manageable.
According to a study by AskMeFinance, only eleven out of 136 credit institutions in Germany have a so-called call credit, which can be used if self-employed people need money. Call lending is offered by CBB, which operates in the region, and the Turkish financial institution Unkes. In co-operation with the house bank there is also an installment loan.
The effective interest rates of the loans start at 4.99% pa with a remaining term of between six and twelve months. For a loan with a repayment term of between 13 and 48 months default interest of at least 5.35% pa is charged. Many direct credit institutions, ie those that are not connected to their customers through a network of branch offices and the network, provide so-called instant loans, which are paid within a few working days.
Lending to companies also depends on their duration, but above all on their creditworthiness.
For lending to freelance employees, credit institutions generally require the income tax assessment of the last one to two years, the personal account statement and, in some cases, an informal asset statement. If you have sufficient (even private) creditworthiness and you do not have a negative entry in Intrasavings, you have a good chance of getting a quick loan for start-ups.
If you have only small sales and no cover, you can still get over a guarantor to his credit limit. Basically, the greater the likelihood that you will get a favorable interest rate – and thus a savings. Even when time is short, self-employed should face enough supply and loan.
The most important size for the loan comparison is the effective interest rate, which quantifies the cost of borrowing per year as a percentage. Freelancers should also be aware of any additional costs such as processing fees or account management fees.