Types of loans for entrepreneurs


If you would like to start your own business it is very important that you know the types of credits for entrepreneurs, as this will allow you to choose the one that best suits your interests and particular needs.

You should know that if your company is already underway it will be much easier to apply for any type of credit for entrepreneurs than if you start at zero, so the best way to start will be using your own resources.

If you already have an advance and would like to know the types of credits for entrepreneurs like you, you need to compare the different credit options, as well as the amount, term and interest rates of each.

 

Can I apply for a loan for entrepreneurs if I have a housing loan?

Can I apply for a loan for entrepreneurs if I have a housing loan?

If at the time of requesting a loan to boost your business, you have the commitment of a mortgage loan, this should not represent any problem unless you have a bad credit history.

If, on the other hand, you applied for a loan to buy a house and consider that it is time for your company to grow, you can request a loan to start even with the same financial institution with which you manage your mortgage.

 

How to choose between credits for entrepreneurs?

How to choose between credits for entrepreneurs?

The first thing you should do is be clear about the type of business or company you want to undertake, as well as the needs of that business. There are many financial products for entrepreneurs, some come directly from the government, others from institutions or there are also banks.

There are also guarantee funds that allow you to reduce the risk of default or non-payment in order to support you in your project. These funds are offered by some spaces such as the National Entrepreneur Institute that also offers free advice to small and medium businesses.

On the other hand, the National Commission for the Protection and Defense of Users of Financial Services (Condusef) recommends simple credit as the ideal financing option to start a business.

 

Which loan to choose?

Which loan to choose?

The types of loans are selected depending on our needs. Let’s not sign the contract lightly – let’s get acquainted with the offers of individual banks to guarantee the best conditions.

What to do when we have a loan and the employer terminated the contract? It’s best not to let this happen! Fate is different, luckily the loss of a job does not have to result in an entry in the register of debtors. We can even negotiate with the bank, trying to extend the loan period or temporarily suspend loan repayment. The main thing is not to wring your hands, but as soon as possible contact our lender to find a solution that will be mutually beneficial.

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