Business founders have a hard time. They carry the burden of their newly opened business and also have to reckon with financial bottlenecks. It is particularly difficult when a loan for the company is needed. The hurdles are very high in such cases and actually it is almost hopeless to get such a loan. But only almost.
Credit via Intrasavings Bank
For start-ups, only Intrasavings Bank is an option. It supports company founders with a sound business concept. But first, the loan seeker must turn to his house bank. Direct contact with Intrasavings Bank is not possible. The company founder should be well prepared for this conversation with the case officer. A well thought-out business plan and a good business idea are mandatory.
Finally, the clerk should be convinced of a loan for the company foundation. The problem with start-ups is that they can not present sales figures yet. Anyone who leads his company for several years already knows about the sales figures. A newcomer can not yet estimate that.
Therein lies the problem for the banks, because many start-ups had to close their business within a year because it was not profitable. If the bank administrator is convinced, he will pass on the documentation to Intrasavings Bank with a commentary, which will ultimately decide whether or not to make a loan.
Even if Intrasavings Bank refuses a loan to start up a business, there is still the option of using creditend, an association of private individuals with the aim of lending money. This system is attracting more and more people because the process of applying for a loan is connected here without much bureaucracy.
Especially start-up entrepreneurs are very welcome here, because many donors are self-employed. But that does not mean that these loans brokered through creditend are free of shoals. Especially here, attention is paid to the entries in the private credit. With negative features, the chance here is zero to get a loan for the company founding.