Financing for craftsmen: how to get them even in times of difficulty

Financing for craftsmen: how to get them even in times of difficulty

Financing for craftsmen: how to get them even in times of difficulty

How do you get loans for craftsmen ? The question is not at all trivial, taking into account the economic difficulties of the period and the problems that could arise when presenting a normal loan request to the bank, given that artisans are generally small entrepreneurs with a VAT number whose access to credit is much more complicated compared to those who can guarantee secure income. see jacahuesca.com for more notes

Complicated but not impossible: nothing prevents self-employed workers from obtaining a loan, only that they must present very solid guarantees, in the form of a taxable income of a certain level (demonstrable with the last income tax return) and a constant revenue stream (providing the bank statement). Moreover, if the requested amount is very high, the lender may request the signature of a third person who offers as guarantor or the mortgage on a property.

If the craftsman is not able to comply with one or more of the requirements described above, he can still try another route by making use of subsidized or non-repayable loans. Among the opportunities currently provided, the SME Guarantee Fund of the Ministry for Economic Development deserves great attention, through which it is possible to obtain financing without additional guarantees on the amounts guaranteed by the fund itself, and the loans promoted by Artigiancassa, a credit institution used to support artisans and small and medium-sized businesses. In this case it is possible to request loans of 10 thousand and 1 million euros, repayable in 10 or even 15 years.

Finally, the possibility of access to microcredit or to specific measures dedicated to partnerships and sole proprietorships registered in the Register of Artisans of various Italian regions (check on the portal of your region of residence), without forgetting the benefits for young people, startups and female entrepreneurship, or tools such as partnerships and leasing.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Simple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Mago
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Sindomestic
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602