Credits to create the first company

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El balance del año pasado ha dejado una mayor tendencia a desarrollar la actividad laboral como autónomo. En efecto, el Régimen Especial de Autónomos (RETA) ha cerrado el año 2017 con un crecimiento de este segmento profesional de casi un 3% respecto al año pasado. Se constata que muchas de estas persons han optado por open a company or business of your professional projects. Taking more importance among young people, by opening new doors to find a job opportunity, by becoming one of the sectors where unemployment has a higher incidence.

Not surprisingly, the youth unemployment rate at the end of 2017 is 45%, according to the Labor Force Survey, published by the National Institute of Statistics (INE). Even when decreasing with respect to 2016, where young people under 25 years old who were out of work were above these levels. And this, together with the entrepreneurial spirit of some of them, affects their desire to create their own company.

Within this scenario presented by the national labor world, obtaining a loan has become one of the priority objectives for entrepreneurs and small entrepreneurs who want to promote their professional project. The task is not easy in many of the occasions, where the shortage of offers, and the conditions that drive their models cause their applicants to withdraw. Basically because they cannot take care of the debts generated by these credits.

First company: what models?

As it is a more special line of credit, it also needs different contracting conditions, where it is always channeled through microcredits. First, it will be necessary to present a possible project, and explain it with the approval of the issuing entity of these products. It is true that they do not offer spectacular amounts, with an estimated maximum around 30,000 euros. In exchange for promoting a grace period that you can achieve between 6 and 12 months approximately. It is a period of time during which the holder only pays interest without amortizing the principal. In general, they are linked to financing lines for young people. With a very specific purpose, which is none other than to help them make their return more comfortably over other more complex considerations.

The elimination of their commissions (study, opening, early repayment ...) is another of the common denominators that these credits present today. They have a frequent repayment term for these amounts, with a maximum term of up to 5 years. Con un interés que en la mayoría de los casos está por debajo de la barrera del 10%, y que inclusive se puede rebajar con la contratación de otros productos bancarios (planes de pensiones, seguros, fondos de inversión …). Como una de las novedades más relevantes de esta línea de crédito tan especial de la que hablamos en este post.

They grant up to 30,000 euros

The main difficulty faced by new entrepreneurs is entering a source of financing with which to translate their projects. To help them fix this problem, banks have developed an offering that is exclusively designed to create the first business. Through amounts that can reach up to 30,000 euros, and that are presented in different formats with respect to their contracting conditions. However, through timely negotiation these margins can be exceeded granted by banking entities.

Una de las entidades que se ha adherido a esta corriente comercial es Unicaja a través del Préstamo de Primera Empresa, que está destinado a jóvenes que mantienen este perfil a la hora de solicitar la línea de crédito. Sea cual sea el caso, se caracteriza debido a que dentro de sus condiciones de contratación admite la oportunidad de disminuir las mensualidades que disponen que pagar. Otorga un monto que llega al 80% de la inversión, with a maximum of 18,000 euros. Its beneficiaries, on the other hand, will have a period of up to 5 years to return it, in line with other sources of financing of a different nature.

Another initiative that is proving favorable to export this financing among clients with this peculiar characteristic comes from Banco Sabadell. It has chosen to offer the Entrepreneur Loan, which serves both to promote self-employment projects and conventional lines of business. In this case, finance the entire investment. Counting on a term for its return of up to 5 years. It is distinguished because it considers a grace period of 12 months. And in any case under the application of a fixed interest and with lower commissions.

The current banking offer for new entrepreneurs is completed with another model with similar benefits that can satisfy the aspirations of liquidity seekers. This is the Business Loan that ING Direct has promoted so that young entrepreneurs can create their own line of business. For the self-employed they originate a 6,95% TIN interest rate (7.18% TAE). And without any commission that could increase the final cost of this product, as one of its most relevant contributions compared to the offers of the competition.

Microcredits for entrepreneurs

Microcredits are small loans granted to people who have greater difficulties in entering the traditional means of financing. Not only are they marketed to meet their social needs, but a window is opened so that this professional segment can enter these models, and with greater advantages. This is the idea that Microbank (a social bank specialized in this type of products and that depends on La Caixa) has been developing for several years to facilitate their concession. Provides indistinctly microcredits for entrepreneurs, freelancers and micro-businesses. Each of them under its own characteristics with respect to the conditions in the hiring.

One of its main proposals comes from Microcredits for Entrepreneurs, which is aimed at professionals and freelancers with annual income less than 60,000 euros, as well as micro-businesses with less than 10 workers and with a turnover of no more than two million euros per year. The entire project is awarded, with a maximum amount of 25,000 euros. It is marketed with a 6-year amortization period, which can optionally include a grace period of up to 6 months. And whatever the case, without real guarantee, as a novelty element at its launch.

What are the purposes?

Si tú mismo tienes una idea que pretendes desarrollar, puedes solicitar uno de estos créditos que te hemos expuesto. Debido a que el principal problema de los nuevos emprendedores son sus inicios dado que la escasez de recursos económicos es uno de sus grandes estorbos. Hasta el punto que les hace desistir del intento en varios casos. Con este target en mente, se han creado estas líneas especiales de crédito que pueden ser de gran ayuda para ti en alguna vez de tu vida. Mientras you meet the conditions in your hiring. Because anyway it is an offer in clear expansion in Spain. Above other financing modalities.

In all cases, at the same time as the requirements that will be demanded of the banks themselves, it is essential that present an attractive and suggestive project. But especially that it is very realistic and they see that it is clearly accessible. This is one of the keys to granting you a loan of these characteristics. Even more than your answer to return the amount since the deadlines can be made more flexible depending on the development of your company or line of business. It is something that you should anticipate before going to your bank branch to look for the respective financing and that differs from other more general lines of credit or at least not so specific.

Advantages in this financing

Of course, these credits provide a series of advantages that are not present in other liquidity points that banks offer at the moment. To start, they offer you greater facilities for the payment of amounts And that materializes with the inclusion of a grace period that can be very interesting for your professional interests. On the other hand, they are credits that can be negotiated before signing. This means that you are in perfect condition to improve your conditions. At least to pay more competitive monthly installments than from its origin. With very important savings that will help you allocate this amount to other needs in the development of your small business or business.

Debes de madurar el proyecto profesional para que se apruebe el reclamo. Si es así, tendrás mucho terreno ganado por delante dado que inclusive vas a poder decantarse por un tipo de interés menos exigente que el que te han estado ofreciendo hasta ahora. Las comisiones además serán menos expansivas que mediante líneas de crédito para particulares o al menos para consumo. Con lo que mediante esta strategy comercial además puedes impulsar el ahorro de una manera muy satisfactoria para tus intereses. Y en resumen, sepa negociar. Con ahorros muy importantes que te ayudarán a destinar este monto a otras necesidades en el desarrollo de tu pequeña empresa o negocio.