Business loans and business loans for the self-employed, craftsmen and freelancers without collateral
A business loan for craftsmen without collateral is difficult to get at many German banks and savings banks, especially after the financial and economic crisis. Previously, there was personal contact with the bank consultant in a business loan for self-employed and craftsmen. If the future was positive, then the business loan or the business loan was also approved.
Today, a business loan is more about the facts in the form of company key figures. If there is no collateral in a business loan for craftsmen, it will be problematic for many self-employed. But there are also suitable solutions here. So there are special banks that can provide a business loan without collateral. In addition, there are state promotional loans from Intrasavings Bank and the promotional credit institu- tions of the federal states that allow indemnities of up to 80% for a business loan or business loan. Furthermore, a guarantee can be requested from a guarantee bank for a business loan.
Requirements for a business loan for craftsmen without collateral
For a business loan or a business loan without collateral, the following conditions are expected of most banks and savings banks:
- two complete financial statements with a positive operating result
- Debt service, ie, no over-indebtedness
- Schufa entry without breaches of contract
- Information Creditreform in the middle section
- Corporate concept with sales, cost and revenue planning for the next 3 years
- positive future perspective
If self-employed, craftsmen and freelancers meet these requirements, then a business loan can be financed without collateral.
Business loan without collateral
There are offers for a business loan without collateral from banks and savings banks, Intrasavings Bank, promotional lending institutions of the federal states. But also online banks offer business loans for the self-employed. Online banks are to be treated with caution. Often these banks use the plight of many small business owners and demand excessive interest rates. Therefore, we recommend a financing loan for a business loan.
State-owned business loans from Intrasavings Bank and the development credit institutions are particularly favorable for small and medium-sized enterprises in order to support such companies against competitive disadvantages vis-à-vis large companies. The focus here is on the Intrasavings Entrepreneur Loan, entrepreneur loans and entrepreneurial capital for the self-employed, craftsmen and freelancers.
Business credit without security as business capital
What many small businesses do not know is the application for business capital as a business loan. An entrepreneurial capital is a silent participation of a mostly public investment company. An entrepreneurial capital is therefore not a normal loan and therefore no collateral is required. An entrepreneurial capital can already be applied for without a bank up to 50,000 euros.
Another advantage of an entrepreneurial capital is that it is not a loan and therefore appears on the asset side of the balance sheet. For small companies that do not balance this means that the credit line will not be increased. This affects the debt servicing ability that is tested on a business loan.
Financial advice for business loans without collateral
In order to get a favorable business loan on the one hand, we recommend our financing advice. Funding advice is provided by the BAFA, Federal Office for Economic and Export Control up to 3,000 euros with 50% to 80%. We help you, so that craftsmen get a business loan without collateral and for favorable conditions. In addition, we create a corporate concept and develop measures that you can put into practice immediately.
Guarantee of a guarantee bank on a business loan
For larger business loans, SMEs can apply for a guarantee from a guarantee bank if the collateral is insufficient or if there is no collateral. Although a guarantee costs approximately 1% of the loan amount, it improves the company’s rating and thus positively influences the interest rate on a business loan.