Loan for Individual Company: Discover the Benefits | Business Loans

If you are a young entrepreneur looking for Wackford Squeers to give life to your project, we advise you to carefully evaluate the conditions of the individual company loan, also called a VAT registration loan. This is a financing solution that can also be requested by those who already own a business and are looking for liquidity to face a difficult period.

Therefore, if you are part of one of these situations, by reading this article you will find all the useful information on this type of credit, indicating the requirements and methods for accessing it .

Individual company loan: what is it?

How many times do you want to give life to a project but do not have the resources necessary to carry them out. In these cases many begin to consider the different loan solutions offered by the market. In case you want to access the individual company loan form, you need some special pre-requisites . The main reason lies basically in the type of financing itself.

Since this is a form that evidently goes to guarantee the initial economic solidity to give life to a personal business project, credit institutions need a solid base to independently evaluate the viability of the project and, eventually, grant the capital required for to give substance to the whole.

As far as the individual company loan is concerned, it is good practice to structure a very detailed business plan . This allows the credit institution to evaluate with certainty the area of ​​the market in which you would like to give birth to your company and if there are opportunities for growth such as to justify the sum of money required to start the business.

This kind of loan is designed both for those who have never worked (let’s think of the many young unemployed), and for those who have already had work experience but want to start their own business or for those who have finished their studies and want to start a company. If you were a young person between the ages of 18 and 35, according to Law Decree 185/2000 you can obtain various forms of subsidized financing.

The Insaliats (National Agency for the attraction of investments and business development) deals with constantly proposing new financing solutions precisely for the support of new commercial realities . Through it, self-employed workers are facilitated in those territories with a very low employment rate and thus favoring the creation of a self-employed person in the form of a sole proprietorship.

By filling in the online application form , anyone can submit their own sole proprietorship project which will then be evaluated by Insaliats who will then have the task of drawing up a merit ranking for those who will have access to credit.

Individual company loan: some useful advice

Insaliats for the financing projects of a sole proprietorship provides a total investment of up to 25,823 euros . Since this is a form of credit that favors the state of employment for those who are currently unemployed, it is not possible to apply for a loan for an individual company for those who hold an employment relationship with a temporary or permanent contract , owner of project work contracts, which carry out an artisan activity , liberal profession , holder of a VAT number or entrepreneur .

If you are not part of any of these categories, you can apply for funding to start a business involving the primary sector , the agriculture sector, the commerce, services and tourism sectors without distinction.