Running your own business , regardless of industry, requires having the appropriate financial resources. Especially they are needed for novice entrepreneurs. Many of them ask themselves where to get cash to buy equipment, materials or goods for a store or warehouse. One of the best methods of obtaining the necessary funds that is worth using in such a situation is a business loan offered by most banks in our country.
Loan for companies to start a business
The basis for obtaining it will be above all a good idea that is worth presenting to a bank employee. A good credit history is also very important, without any debts or entries in the BIK register. Unfortunately, such a story usually simply does not exist, because the emerging company can not provide any documents proving the amount of turnover and profitability. It’s good if the person planning their own business works full-time somewhere. Banks assess well those who have so far achieved regular and high income.
Investment loan for companies
Although banks are quite cool about people starting their adventure with business, some of them offer an exceptionally favorable investment loan for companies . Many of them support the creation of new startups, especially from the technology industry. Often, the ideas of their creators are even revolutionary and can bring large profits, which is why they are able to take the risk of financing them.
Interest rate on loans to companies
Unfortunately, without the lack of adequate security, you can’t count on more than tens of thousands of loans , and even this relatively small amount will be highly interest-bearing. This may vary from bank to bank, but you shouldn’t count on less than 20 percent per year. Such a sum is often not enough to satisfy even basic needs and therefore it is worth looking for additional collateral to increase it. People who have such security in the form of a mortgage, e.g. a house or a flat, are in the best situation. In such a situation, the bank may offer a mortgage loan in the amount of several hundred thousand, up to several million PLN.