Self-employed workers and freelancers may also find themselves in the situation of having to apply for a loan. There are several possibilities that the market offers, but there is not much information available, so today we are concerned with how we can apply for a fast loan for a sole proprietorship. The story is on battleplanetmovie.com
Company Loans: The necessary conditions and Invitalia
Let’s start by clarifying that personal loan for sole proprietorships can be linked to starting the business or maintaining / supporting it. In the first case, legislative decree 185/2000 made it clear how young entrepreneurs (aged between 18 and 35) can receive various types of financing. This loan category is managed by Invitalia, an entity that deals with seeking and perfecting loan solutions that can support young people who want to set up an individual company, with a particular focus on young people who live in areas with levels of employment below the average, subject to high school dropout, or still characterized by massive immigration flows.
In these regions, in fact, self-employment appears to be a real lifeline both economically and socially. With these awarenesses, Invitalia actually prepares a ranking that sorts by merit all those entitled who have requested access to this type of credit. The necessary requirements are specified in the public announcement which also clarifies the methods of submitting the application, which can in almost all cases also be submitted online.
Taking a look at the Invitalia website will help you understand what are the different possibilities offered by category and by region.
As can be guessed, loans of this type and the activities they support have a significant impact also from a territorial point of view, affecting the economy and the employment rate of the same. Precisely for this reason, there are many local, regional or provincial realities, which directly or through sponsored associations, promote tenders and projects aimed at helping those who have an entrepreneurial idea and want to implement it. Loans linked to these initiatives are characterized by very low interest rates and therefore offer good room for maneuver.
Loans for self-employed worker through banks
Banking institutions also offer loans of this type, which, however, are often disappointed in having to finance people without employment, who however thanks to that loan can change their situation, however taking risks that could make it difficult to return to the loan.
Title II of Legislative Decree 185/200 clarifies how a self-employed person who is setting up a new company can request subsidized financing upon presentation of a project that clarifies the timing and time of repayment of the investment. The projects, therefore, must be real and measurable. Just as it happens for the appraisal of a house on which a mortgage will be taken out, a dedicated team of the bank will take care of judging the project and then approving the plan and financing.
Always the banks, can also offer loan solutions to those who already have an individual company in place but need to expand or support it. The loan conditions are in fact comparable to those related to the request of an individual. Even in this case, in fact, the subject will have to provide guarantees or alternatively turn on mortgages on any properties owned, so as to guarantee the repayment in the loan.
Although the local or state incentives are not comparable to those reserved for young future entrepreneurs, it is nevertheless possible to find solutions and calls aimed at promoting the economic development of the area, also favoring the expansion of the economic activities already in place and that need development actions, to varying degrees.