According to a recent report by the Federal Ministry of Economics and Technology, about 400,000 people in Germany take the step to self-employment each year. Most start companies in the field of personal, economic or social services. Capital is required for all business start-ups. Not infrequently, a loan for start-ups without collateral allows the start of the newly-baked entrepreneur. So that you do not have any problems, you should pay attention to a few points.
Where and how do you get a loan for start-ups without collateral?
Collateral is not necessarily required for start-up loans. Many self-employed started their business from unemployment. Because they found no employment in their learned or familiar job, often only the jump into self-employment as the only way out. If you want to apply for a start-up loan without collateral, you should not only check with your house bank or the Internet.
The Job Center, the Chamber of Crafts or the IHK are also competent contact persons who can help you. They know the funding opportunities exactly and can also establish contact with the banks or authorities that provide funding. Most importantly, you have a mature concept, a business plan. As an entrepreneur you sell an idea. If your idea is good and your business concept is solid, you should have relatively few problems getting the capital you need for your startup.
The better and more thoroughly you prepare, the easier it is for you to make the significant step into business life. Plan your financial needs a little more generous. On the one hand, unexpected start-ups often come to you during the startup, and on the other hand, it often takes longer than expected before the anticipated sales start. Above all, it is important that you always maintain good contact with your financier. If you experience difficulties or problems, let him know immediately.
The loan for start-ups without collateral is for him finally a financial investment and he wants to lose his money as little as you. However, if he knows in time, he will probably assist you with words and deeds to secure his investment. Similarly, you should also teach your financier about successes and invite him to small celebrations if necessary.
If your business is doing well, you should repay your loan for start-ups without collateral as soon as possible to keep the monthly burden on your company as low as possible. Seek contact with other start-ups to exchange experiences and get valuable tips. Many founders owe their successful business to a financier who provided seed capital.