Loans Bad Credit Online -Vmnassociates.Com Uncategorized Borrowing money as an independent entrepreneur

Borrowing money as an independent entrepreneur



 

Do you want to borrow money as an independent entrepreneur? Then lending companies have the right options to mediate a loan for you. You can also come to us to start a new business. We are happy to explain what the conditions are to be able to apply and which documents you must submit so that we can assess your financing application.

Financing start-up capital company

Financing start-up capital company

 

When you want to start your own business, a lot comes at you. What kind of business will you start? Which products or services will you deliver? What are the possibilities of the company for the future? By writing a business plan you gain insight into the market, so that you can determine your business strategy. You provide insight into who your customers are and what they want.

The financial plan is part of the business plan. Do you have sufficient resources to get started or do you have to borrow money as an independent entrepreneur? Writing a good business plan is necessary to apply for financing. The bank will use the business plan to assess whether your company has a future.

What do we need as a minimum for assessing whether you can borrow money for starting a business?

  • A detailed business plan with the work you are going to do.
  • The financial forecast of the company.

What the conditions of the financing for starting capital look like depends on the business plan. This business plan will be assessed, after which a concrete financing proposal will be made to you. Do you have any questions or are you curious about the possibilities? Feel free to contact us or complete a non-binding loan request.

Financing company car

Financing company car

If you are an entrepreneur, it is often necessary that you have a company car. A good possibility to finance this company car is the conclusion of a financial lease agreement. Hereby the car will be directly from you, but without having to pay a large amount in one go.

You can determine the amount of the down payment yourself, the duration of the contract and the debit. It is also possible to add a final term to the contract. At the end of the term you pay an amount that is proportional to the value of the car. This way you can finance based on the actual depreciation costs.

A clear monthly period will then be agreed upon which you will pay for the entire duration. This way you spread the costs for your car. Another important advantage is that the interest and the repayment are tax deductible.

The benefits of a financial lease are:

  • Low monthly installments due to the residual value
  • Financing specially developed for cars, so that you borrow responsibly
  • Fixed duration and fixed interest, so you will not be confronted with surprises
  • Tax-deductible

We need the following documents to be able to make the assessment.

If your company has been in existence for more than 3 years:

  • The annual figures for 2018
  • The final annual figures for 2017
  • The final annual figures for 2016

If your company has been in existence for less than 3 years:

  • The annual figures for the years that are available.
  • A detailed business plan with the work you are going to do.
  • The financial forecast of the company.

Are you an existing entrepreneur?

Are you an existing entrepreneur?

 

If you are an existing entrepreneur, we have various options for you. What we need for the assessment of the financing depends on what you need the financing for. We list the options for you:

Use financing as an investment in your company.

Do you want to expand your business? For example, by purchasing a machine or inventory or even doing a renovation? Or does an existing financing expire and do you want to refinance it? We can view the options for you. We need the following documents to be able to make the assessment.

If your company is longer than 3:

  • The annual figures for 2018
  • The final annual figures for 2017
  • The final annual figures for 2016

If your company has been in existence for less than 3 years:

  • The annual figures for the years that are available.
  • A detailed business plan with the work you are going to do.
  • The financial forecast of the company.

A short-term stock financing

The products that you have in stock are often worth a lot of money. Your capital is ‘locked up’ in your inventory. Certainly when your company has a large stock, such as wholesalers and industrial companies, the costs for managing the stock can be high.

By taking out a stock financing you can use this capital to make new investments. It is usually possible to free up 50% to 70% of your inventory, depending on the type of inventory you manage.

The benefits of a stock financing:

  • Immediate availability of additional financial resources based on your inventory
  • Financing that moves with the size of your inventory
  • Extra option for ordering large quantities, which can save you costs.

We need the following documents to be able to make the assessment.

If your company is longer than 3:

  • The annual figures for 2018
  • The final annual figures for 2017
  • The final annual figures for 2016

If your company has been in existence for less than 3 years:

  • The annual figures for the years that are available.
  • A detailed business plan with the work you are going to do.
  • The financial forecast of the company.

Take out private financing for you as an entrepreneur

It is also possible to take out a loan for a purpose that you have privately. For example, the renovation of your home or the purchase of a caravan. This is also possible if you are an independent entrepreneur. Here it is necessary that you can prove the annual figures of three years. If you are a shorter entrepreneur, this is unfortunately not possible.

We need the following documents to make the assessment:

  • The annual figures for 2018
  • The final annual figures for 2017
  • The final annual figures for 2016

You can take out a loan in the form of a personal loan or revolving credit. With a personal loan you have the certainty of a fixed interest rate and a fixed term. This way you can be sure that you have repaid your loan after the term. With a revolving credit you have a variable interest, but also more flexibility. This is because you can also withdraw the amounts that have been repaid.