Those who have been self-employed for a short time and need a loan have a very difficult time with normal banks. Most banks consider companies that have been in business for less than two years as having a high risk of default.
Anyone who is in such a situation, but still needs money, can save the way to the well-known banks in the cities. Nevertheless, the situation is not hopeless, because there are other ways to get a loan for self-employed under 2 years. The first way the self-employed should go is to the direct banks. These are often much more frugal in terms of audits and collateral and usually accept self-employed as borrowers.
Nothing stands in the way of the financial succss of the young company
It is quite possible to get a cheap loan for the self-employed under 2 years on the Internet. To ensure that the loan application is not rejected, the self-employed must provide additional collateral. Since their own income or the profits of their young company are usually not sufficient, either a property or a very good guarantor should be present.
With this collateral, it is possible without problems to get a loan for the self-employed under 2 years. With an online application, the effort is significantly less than the classic way. In just a few days, the self-employed are already informed about the decision of the direct bank. If the additional collateral is accepted, the borrowers will enjoy the good terms and low interest rates for which the direct banks are known.
Long maturities, low interest rates and high amounts
For a self-employed person under 2 years of age from an elected direct bank, there are very good conditions, such as low interest rates and particularly long maturities. In order for the young company to be able to bear the financial burden of the loan, the term should be agreed upon for several years (up to 120 months). The interest rates are in the lower range between 3 and 5 percent and also a high sum such as 10,000 euros can be borrowed.
The financial burden that the company has to bear every month is thus extremely low. Thus, self-employed can afford a larger purchase and finance them comfortably over monthly installments. With a suitable loan for the self-employed under 2 years, the company can successfully continue its business and overcome the financial problems without any problems with the money without having to accept high interest rates.