The decision to start a business is accompanied by questions about how the future company should be built without equity. As a rule, there is not enough financial cushion, but with the right concept for self-employment it is no problem to get a loan for start-ups without equity and to build up a company.
From the business idea to implementation
The business plan is the basis for founding a company. It contains a coherent corporate concept and a preview of the expected profitability and the expected turnover. In addition, planning the liquidity on the part of the entrepreneur must be included in the business plan. The business plan should be drawn up in collaboration with a management consultant. There are also special start-up seminars that offer future entrepreneurs valuable information on all aspects of starting a business.
These founders’ seminars are offered by the chambers of industry and commerce, at adult education centers and universities. Detailed information on starting a business can also be obtained from the Federal Ministry of Economics and Technology. In addition, the website provides information from the preparation of starting a company to the creation of a business plan and the implementation and implementation of the business concept.
Financing business start-ups
Cream bank (Promotional Bank of the German Economy), the state investment banks and the banking groups for small and medium-sized businesses offer a loan for start-ups without equity. Interest rates for start-up loans from the banks mentioned are cheaper than other loan offers.
The term is up to 20 years and the entrepreneur can be exempted from the repayment of the loan in the first years of independence. There are also special grants from the state that are granted if the business idea and the corporate concept are examined positively.
Loan for start-ups without equity from private investors
An alternative to a loan for start-ups without equity from Fine bank from a state investment bank or from a bank group for medium-sized companies is a private loan from private investors. They examine the business plan of the entrepreneur and if they are convinced of the concept of the future company, they invest a loan from their capital for the entrepreneur.
If the business plan is well developed and the business concept and business idea of the founder are convincing, there are usually several private investors who provide their financial resources as a loan. The Spin Lender platform is a contact point for private investors to start up their own business.
Do not use loans from direct banks
A conventional installment loan from a direct bank should not be used to finance business start-ups. These are loans that require permanent employment and regular income as the basis for guaranteeing the loan. Interest rates are much higher and the benefits such as a non-employment period and an extended term of up to 20 years do not offer these loan offers. They are not adapted to the needs of start-ups.